PAYTM - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 4.2

Here’s a detailed technical analysis of Paytm (One97 Communications Ltd)

📊 Trend Overview

Current Trend: Bullish

Phase: Trending with moderate momentum

Bias: Positive, supported by price action above key moving averages and improving MACD

📈 Technical Indicators Analysis

🔹 Moving Averages

50 DMA: ₹1,145

200 DMA: ₹941

Current Price: ₹1,228

Price is well above both DMAs → confirms bullish trend

Rising slope on both averages → momentum is strengthening

🔹 RSI (Relative Strength Index)

RSI: 56.2

Neutral to bullish zone

Indicates steady buying interest with room for further upside

🔹 MACD (Moving Average Convergence Divergence)

MACD: 24.2

Strongly positive → confirms bullish momentum

Histogram expanding → trend strength increasing

🔹 Bollinger Bands

Price near upper band → bullish zone

Bands expanding → rising volatility

Suggests continuation if volume supports the move

🔹 Volume Trends

Current Volume: 26.87 lakh

1-Week Avg Volume: 23.42 lakh

Volume above average → confirms active participation

Supports sustainability of breakout

📌 Support & Resistance Levels

Level Price (₹) Commentary

Support 1 1,200 Minor pullback zone

Support 2 1,145 50 DMA, strong base

Resistance 1 1,260 Immediate resistance

Resistance 2 1,297 52-week high, major ceiling

Resistance 3 1,350 Projected breakout target

🎯 Entry & Exit Zones

Optimal Entry Zone: ₹1,200–₹1,220 (on pullback near support)

Exit Zone / Profit Booking: ₹1,297–₹1,350 (resistance and breakout target)

🔍 Momentum Signals

Short-Term: Bullish momentum with breakout potential

Medium-Term: Trending upward with confirmation from MACD and moving averages

Volume: Elevated, supporting trend continuation

🧭 Conclusion

Paytm is currently trending upward, supported by bullish indicators across the board. Price action above moving averages, a strong MACD, and expanding Bollinger Bands suggest continuation. Traders may consider entering on dips near ₹1,200 with targets around ₹1,297–₹1,350, while monitoring RSI and volume for signs of short-term exhaustion or breakout confirmation.

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