According to reports from The Economic Times, Paytm shares are displaying strong bullish momentum after giving a range breakout on the Daily chart, followed by a strong rebound from lower levels. The recent recovery was supported by accumulation above the 50-Day EMA, indicating buying interest on declines. The stock is currently trading above all key EMAs, keeping the broader trend constructive for the stock.
As reported by The Economic Times, the recent breakout has been accompanied by improving volume, supporting the sustainability of the current momentum. This increased trading activity suggests genuine investor interest rather than technical manipulation, potentially indicating a more robust foundation for the stock's recovery.
According to Choice Broking analysis reported by The Economic Times, the brokerage recommends a Hedged Call Ratio Spread strategy targeting the ₹1,760-₹1,800 zone for the October 27 expiry. This strategy offers a maximum profit of ₹19,901 with defined risk parameters, providing traders with a structured approach to capitalize on the stock's bullish momentum.
As reported by The Economic Times, the hedged call ratio spread strategy provides a defined risk approach that aligns with the current technical setup. The strategy targets the ₹1,760-₹1,800 zone for the October 27 expiry, offering traders a structured way to participate in the stock's potential upside while managing downside risk effectively.
