Technical Analysis of Paytm (NSE) – Daily Chart
Paytm (NSE) – Technical Outlook
Pattern: Falling wedge (bullish reversal).
Support Zone: ₹710 – ₹724.
Resistance Levels: ₹774 (immediate), ₹1,062 (major), ₹1,271 (ultimate target).
Breakout Scenario:
Above ₹774 → Possible rally to ₹1,062 (+26.53%).
Above ₹1,062 → Further upside to ₹1,271 (+41.05%).
Bearish Risk: If ₹710 breaks, downside pressure may increase.
Conclusion: Watch for a breakout above ₹774 with strong volume for bullish confirmation.
Pattern: Falling wedge (bullish reversal).
Support Zone: ₹710 – ₹724.
Resistance Levels: ₹774 (immediate), ₹1,062 (major), ₹1,271 (ultimate target).
Breakout Scenario:
Above ₹774 → Possible rally to ₹1,062 (+26.53%).
Above ₹1,062 → Further upside to ₹1,271 (+41.05%).
Bearish Risk: If ₹710 breaks, downside pressure may increase.
Conclusion: Watch for a breakout above ₹774 with strong volume for bullish confirmation.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.