According to Sachin Gupta, VP Research at Choice Equity Broking, Paytm is showing a strong bullish setup on the daily chart with a buy recommendation at ₹1,807. The stock has given a decisive breakout above the long-term rising trendline resistance, accompanied by strong volume, indicating sustained buying interest. As reported by Choice Equity, the price is trading well above both the 50-DMA and 200-DMA, confirming a strong underlying uptrend. The technical analysis shows higher highs and higher lows with momentum remaining supportive of further upside.
According to the technical analysis, Azad Engineering Ltd. is maintaining a strong bullish technical structure on the daily chart, with the stock consolidating near its recent highs after a sharp and sustained uptrend. As reported by Choice Equity, the stock continues to trade comfortably above its 20-DMA and 50-DMA, highlighting strong underlying momentum and trend strength. The recent consolidation has taken the shape of a bullish flag/triangle pattern, suggesting that the stock could resume its upward trajectory after the ongoing consolidation. The Stochastic oscillator is recovering from the lower zone, indicating improving buying momentum.
According to Choice Equity's technical analysis, Kotak Mahindra Bank is showing a positive technical setup across both weekly and daily charts. On the weekly timeframe, the stock has formed a Cup and Handle breakout, indicating a potential continuation of the broader uptrend. As reported by Choice Equity, the daily chart is supporting the bullish view with the stock maintaining a clear higher-high and higher-low formation. Rising volumes alongside the recent price action indicate strong buying interest, while the stock continues to hold firmly above its 21-EMA. The formation of a strong green candle near the 21-EMA further reflects buying strength at lower levels.
According to the technical analysis by Choice Equity, traders can consider buying Paytm at ₹1,807 with a stop-loss of ₹1,680 and targets of ₹2,050. For Azad Engineering, the recommendation is to buy around ₹2,850 with a stop-loss at ₹2,700 and an upside target of ₹3,100. For Kotak Mahindra Bank, the buy recommendation is at ₹419 with a stop-loss at ₹403 and an upside target of ₹460. As noted by Choice Equity, sustained trading above the respective support levels would strengthen the bullish momentum for each stock.
