The stock $PAYTM is showing a strong recovery after bouncing from the ₹980–1000 support zone. The stock has been forming higher highs and higher lows over the past few weeks indicating that buyers have regained control. It is currently trading around ₹1220 and has broken above the recent consolidation range reflecting improving bullish momentum. The recent breakout suggests that the stock may continue its upward move if buying interest remains strong. The immediate support is at ₹1180–1200 while the major support zone is around ₹1120–1150. Holding above these levels keeps the positive trend intact. The first resistance is at ₹1250–1280. A strong breakout above this zone could drive the stock towards ₹1310–1350. Short-term buyers can consider fresh entries on a sustained breakout above ₹1280 with strong volume confirmation. The current trend remains bullish but waiting for confirmation offers a better risk-reward setup. A stop-loss below ₹1180 is advisable. Existing holders can continue to hold the stock as long as it remains above the ₹1180–1200 support zone. The recent breakout has strengthened the technical structure and a move above ₹1280 could accelerate bullish momentum in the coming weeks.

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