Stop loss – 1,077
TARGET – 1,212
One 97 Communications (Paytm) has witnessed a decisive breakout from a flag chart pattern on the daily timeframe, with today’s session closing on a robust bullish candlestick. The move was supported by above-average volumes, surpassing the 20-day average, indicating heightened buying interest. The stock is trading comfortably above its 20, 50, 100, and 200-day EMAs, underscoring the strength and sustainability of the ongoing uptrend. Momentum indicators remain strong, with the RSI at 69.54 and trending higher, suggesting further upside potential in the near term.
(Kunal Kamble, Sr. Technical Research Analyst at Bonanza)
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