Currency Grow (CA & SEBI Reg IA Omkar Bhutada) · 3rd Sep
“Paytm: Big Breakout After 3 Years of Consolidation 🚀📊”
PAYTM
📊 Technical Breakdown
1️⃣ Long Consolidation:
From Dec 2021 → mid 2025, stock was stuck in a broad ₹450 – ₹1,060 range.
Finally gave a decisive breakout above ₹1,060 with strong weekly volume.
2️⃣ Trend:
Stock is now in clear uptrend, trading at ₹1,288 (+6.7%).
Strong follow-through candles → confirms breakout strength.
3️⃣ Targets (Based on Range Projection):
Consolidation height ≈ ₹600.
Breakout target = ₹1,060 + ₹600 = ₹1,660 🎯
Next measured move could extend towards ₹1,850–₹1,900 zone.
4️⃣ Supports:
₹1,060–₹1,080 → breakout retest zone.
As long as this holds, bullish structure intact.
5️⃣ Risk:
Breakout is fresh → volatility can be high.
Weekly close below ₹1,060 will negate bullish view.
🚦 Learning Angle for Post
“The longer the consolidation, the stronger the breakout.
Paytm consolidated for 3 years – breakout now gives potential for multi-month rally.”