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Paytm Share Price Today: Latest Updates, Trends & Analysis - January 8, 2025

Stay updated on Paytm's share price movement. Today's closing price is ₹902.05, marking an 8.2% drop. Discover key support & resistance levels, trading volume insights, and market analysis for informed investment decisions.

Paytm Share Price Today: Latest Updates, Trends & Analysis - January 8, 2025

Paytm Share Price Today: Latest Updates, Trends & Analysis - January 8, 2025
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8 Jan 2025 6:46 PM IST

Paytm stock witnessed a significant drop today, closing at ₹902.05, which marks an 8.2% decline from yesterday's closing price of ₹982.6. This notable price movement has drawn investor attention, making it crucial to monitor the stock's performance in the coming sessions.

Key Highlights

Opening & Closing Prices: On the previous trading day, Paytm opened at ₹966.75 and closed at ₹968.95. Today, the stock opened at ₹966.75 and reached a low of ₹895.25.

Day's Price Range: The stock fluctuated between ₹895.25 and ₹987, indicating heightened volatility.

Market Cap & Trading Volume: The company's market capitalization stands at ₹61,765.56 crore. A total of 5,73,321 shares were traded on the BSE.

52-Week Performance: Paytm has seen a 52-week high of ₹1,063 and a low of ₹310.

Trading Volume Insights

At 3 PM, the trading volume increased by 3.63% compared to yesterday.

By 2 PM, the volume was 14.9% lower than the previous day.

By 1 PM, trading volume had dropped by 19.91%.

Volume trends, combined with price fluctuations, indicate selling pressure. Investors should be cautious, as a high volume with declining prices often signals potential downward momentum.

Technical Indicators

Support & Resistance Levels:

Key resistances: ₹962.98, ₹1021.17, ₹1055.08

Key supports: ₹870.88, ₹836.97, ₹778.78

Moving Averages:

5-Day SMA: ₹997.94

10-Day SMA: ₹989.83

20-Day SMA: ₹986.67

Hourly Trends: During the last hour, Paytm’s price ranged between ₹906.53 and ₹923.88. Traders might explore range-bound strategies with these levels in mind.

Market Trends and Analysis

Short-Term Trend: Bearish

Long-Term Trend: Bullish

Analyst recommendations show a "Hold" rating, with a median price target of ₹712, 22.52% below the current market price. The highest and lowest target prices stand at ₹1,320 and ₹325, respectively.

Conclusion

Paytm's sharp decline today reflects market volatility and investor reactions to recent developments. With key support levels being tested and trading volumes fluctuating, short-term bearishness dominates. Investors are advised to stay updated with technical levels and market dynamics to make informed decisions.

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