PAYTM

View: Neutral to Positive (buy on dips) Time frame: Short–Medium term Analysis type: Technical + Fundamental Fundamental triggers (important) ✔ Revenue growing strongly (20% YoY recently) driven by payments + financial services expansion ✔ Company has started showing profitability improvement and operating leverage in FY26 periods ✔ Strong cash balance (~₹12k+ crore range) gives stability for growth investments ✔ Long-term returns still strong (multi-year gains despite volatility) ⚠️ Risk factors • Incentive structure changes may impact future profitability estimates • Stock recently weak below key averages → short-term volatility possible • High competition in UPI fintech space 📉 Technical levels (important for trading post) Strong Support Zone: ₹1080–1100 Major Support: ₹1000 Resistance Zone: ₹1230–1250 Breakout above: ₹1250 → momentum rally possible