Paytm Nears IPO High as MDR News Adds Tailwind

has moved Rs 1,790, moving closer to its IPO listing high near 1,955, a level that has acted as long-term resistance since 2021. On the monthly chart, price has also broken above the rising trendline that had guided the recovery since the 2024 lows, with RSI at 72.07 reflecting strong long-term momentum. The move comes alongside news that UPI has introduced an MDR (Merchant Discount Rate) on select merchant payments, opening a new revenue stream for payment companies that had earlier operated this segment without one. Paytm has gained 37.5% so far in 2026, against an 11.2% fall in the Nifty 50. Resistance: 1,955, the IPO listing high zone, then the psychological 2,000-2100 mark. Support: 1,590, then the broken trendline zone near 1,350. Whether Paytm can clear the 1,955 zone on a sustained basis, a level it has not closed above since listing, will be the key technical tell to watch, with the MDR development adding a fresh fundamental angle to track alongside the chart. A multi-year resistance level like an IPO listing high often needs both price momentum and a fresh fundamental catalyst to have a real shot at being cleared. Disclaimer: This is for educational purposes only and is not investment advice. Please consult your financial advisor before making any investment decisions. SEBI Registered Research Analyst — INH000025212.