PAYTM-EQ

by

PAYTM presents compelling buy-side technical opportunity consolidating above pivot ₹1,050 support (S1 ₹1,030/S2 ₹1,010) from deeply oversold STOCHRSI(3.16) and Williams %R(-91) levels signaling capitulation exhaustion after prolonged correction, despite bearish MACD(-8.21) and all SMAs alignment confirming downtrend structure. Neutral RSI(30.83) alongside Awesome Oscillator/Momentum Buy signals validate accumulation base near 200-SMA ₹1,158 zone creating favorable risk-reward setup targeting R1 ₹1,080/R2 ₹1,100 resistance breakout. Higher lows formation with low volatility ATR(42.21) supports attractive long entry with tight stops below S2 ₹1,010 for optimal rebound capture in fintech leader amid regulatory clarity tailwinds.Warning-

Disclaimer– Registration granted by SEBI, membership of a SEBI recognized supervisory body (BSE) and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

Disclosure– Investments in securities market are subject to market risks, read all the related documents carefully before investing.