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Paytm is showing a strong bullish structure after taking support near ₹1,240 and reclaiming the 20-day moving average. The ₹1,290–₹1,300 zone is acting as a key breakout level, and a sustained move above it with strong volume could trigger fresh buying momentum. Traders may consider an entry around ₹1,300 with a stop-loss at ₹1,240. If the breakout holds, the stock has the potential to rally towards ₹1,690, offering an attractive risk-to-reward ratio of nearly 1:4. Wait for a decisive breakout confirmation and avoid chasing the stock after a sharp gap-up.
