PAYTM: Bullish Setup Above ₹1,100 | Eyes on ₹1,300PAYTM is showing a strong bullish structure on the Daily chart after recovering sharply from recent correction lows. Price is currently trading near ₹1,200 and attempting to reclaim the important resistance zone around ₹1,250. Higher timeframe momentum remains positive with bullish MACD alignment and strong RSI readings across Daily, 4H, and 1H charts.
The stock continues to form higher lows while holding firmly above the key ₹1,100 support zone, indicating sustained buying interest. A breakout above ₹1,250 could trigger fresh momentum toward ₹1,300, followed by a possible retest of the previous swing high near ₹1,380.
Lower timeframes are slightly overbought, so some short-term consolidation or pullback cannot be ruled out before the next move higher. However, the broader trend remains bullish unless price breaks below the ₹1,100 support region.
Key Levels
Support Zones
₹1,150
₹1,100
₹1,000
Resistance Zones
₹1,250
₹1,300
₹1,380
Trade Setup
Bullish above: ₹1,100
Breakout confirmation above: ₹1,250
Upside targets: ₹1,300 → ₹1,380
The setup favors swing continuation as long as the stock sustains above its recent higher-low structure.
Not financial advice. Manage risk appropriately.
Long
