Paytm Stock Soars 4%+ & Breaches Key Resistance: Will It Hit ₹360 Today?
Paytm’s stock price is on a roll today! It’s up over 4% and has already broken through an initial resistance level. Traders are watching closely to see if it can keep climbing and reach ₹360 by the end of the day.
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Paytm Share Price Update
Live updates for Paytm’s share price today show the stock opened at ₹353.25, peaked at ₹354, and closed at ₹356.2, with a low of ₹339. The market capitalization for the day stood at ₹21,677.35 crore. Over the past 52 weeks, the stock reached a high of ₹998.3 and a low of ₹310. The BSE recorded a trading volume of 223,140 shares for Paytm.
Paytm Volume & Price Update
Paytm Share Price Today Live: By 11 AM, the trading volume for Paytm is up by 45.34% compared to yesterday, with the stock price at ₹354.85, marking a 4.08% rise. The combination of volume and price is key for trend analysis. An upward price trend with increased volume suggests a sustainable rise, whereas a downward trend with higher volume could indicate potential further declines.
Paytm’s Hourly Price Movement
Paytm Share Price Today Live: Hourly Price Movement Update
In the last hour, Paytm’s stock price has fluctuated between ₹356.6 and ₹350.6. Traders might consider range-bound trading strategies, such as buying near the support level of ₹350.6 and selling near the resistance level of ₹356.6. Keep an eye on these support and resistance levels in the upcoming hour.
Resistance Levels Price Support Levels Price
- Resistance 1 ₹356.83 Support 1 ₹352.48
- Resistance 2 ₹359.57 Support 2 ₹350.87
- Resistance 3 ₹361.18 Support 3 ₹348.13
Paytm’s Pivot Break & Resistance
Paytm Share Price Today Live: Currently, Paytm’s market price has exceeded the initial resistance level of ₹350.58 (based on the classic pivot table) on a daily timeframe, suggesting a bullish trend. However, traders should remain vigilant for potential reversals around the ₹360.47 mark. Breaking through the second resistance level of ₹360.47 could signal continued upward momentum in the stock price.
Paytm Stock Soars 4%+
Today, Paytm’s shares rose by 4.19% to reach ₹355.25, while its peers are experiencing mixed performance. Poonawalla Fincorp, Mahindra & Mahindra Financial, and Creditaccess Grameen are declining, whereas Cholamandalam Financial Holdings, another peer, is on an upward trajectory. In broader market movements, the benchmark indices Nifty and Sensex have seen increases of 0.18% and 0.26% respectively.
Paytm Share Price Live Updates
Analysts’ consensus rating remains at Hold. Here’s a summary of the analyst recommendation trend:
– Median price target: ₹555.0, indicating a 55.77% increase from the current market price.
– Lowest target price: ₹275.0
– Highest target price: ₹1320.0
These target price estimates are projected for the next 1 year. The table below shows the ratings over different time frames:
By 10 AM, the trading volume for Paytm has decreased by 20.07% compared to yesterday, while the price is currently at ₹357.9, marking a decrease of 4.97%. Analyzing volume alongside price is crucial for trend analysis. A positive price trend alongside higher volume suggests a sustained upward movement, whereas a negative price trend coupled with increased volume might indicate potential further price declines.
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