Paytm (One 97 Communications) is currently in a technically weak zone, with most daily indicators showing a strong sell bias and only limited buy signals. RSI is around neutral (near 49), but multiple momentum indicators like CCI, ADX, and Williams %R point to downside pressure, while Stochastic and StochRSI are in oversold territory, indicating selling may be stretched in the short term. Price is trading below key short-term moving averages (5, 10, 20-day) but still above the 50, 100 and 200-day MAs, suggesting a corrective phase within a broader up-move. Important supports lie near ₹1,060–1,070, with resistance around ₹1,080–1,100; till the price stays below these resistance levels, the bias remains negative with scope for only technical pullbacks.
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