Paytm Shares Gain Momentum: SEBI RA Sameer Pande Sees Over 15% Upside Ahead

The analyst flags a breakout in Paytm, supported by the weekly supertrend and RSI levels. He sets a July target of ₹1,110.

One97 Communications (Paytm) is exhibiting strong bullish momentum, according to SEBI-registered analyst Sameer Pande. 

At the time of writing, Paytm shares were trading at ₹947.75, up ₹8.2 or 0.9% on the day.

The analyst said the stock’s 14-day Relative Strength Index (RSI) is at 69 on the daily chart and around 64 on the weekly chart, indicating sustained upward pressure. 

Pande added that a breakout on the weekly supertrend further signals positive momentum. 

According to him, key support levels are between ₹920 and ₹940, with resistance near ₹1,070.

Pande set the target price at ₹1,110 to be achieved by July 17, with a recommended stop-loss at ₹880 on a closing basis to manage downside risk.

On Tuesday, Paytm announced the incorporation of Paytm Singapore Pte, a unit of Paytm Cloud Technologies, to expand its merchant payments and financial services footprint in Singapore.

The unit, established with an initial investment of SG$2,50,000, will focus on distributing Paytm’s technology-led solutions across international markets.

On Stocktwits, retail sentiment was ‘bullish’ amid ‘normal’ message volume.

The stock has declined 4% so far in 2025.

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