PAYTM

Daily Time Frame Analysis

The chart of

on the daily timeframe shows a bullish ascending triangle breakout setup. Price is consistently making higher lows with strong demand near the ₹850–₹870 zone, and resistance is clearly visible near ₹978. A breakout above ₹978 could trigger a rally toward the projected target zone of around ₹1,050–₹1,060 (approx. 9.8% upside), as highlighted. The volume has supported the recent bounce, and as long as the price holds above the ascending trendline (~₹860), the bullish structure remains intact. A breakdown below this trendline would invalidate the pattern.