Positive impactCompany
Here's why Chandan Taparia is bullish on Paytm, Sona BLW
Business Standard 1 hr ago·30 Sept 2026, 2:06 am
Chandan Taparia of Motilal Oswal has turned bullish on Paytm, citing a specific technical pattern on the charts. The analyst points to the formation of a 'bullish' candle, which often signals a potential upward shift in momentum. Additionally, the stock is seen respecting the 50-day Exponential Moving Average (DEMA) as a key support level. This suggests that the stock is finding a floor at this price point, potentially limiting downside risk in the near term.
For investors, this technical setup is significant because it highlights a shift from a downtrend to a possible consolidation or recovery phase. The combination of a bullish candle and strong support at the 50-DEMA indicates that the stock may be preparing for a move higher. However, it is crucial to remember that technical analysis is not a guarantee of future performance and should be considered alongside other fundamental factors.
Investors should keep a close watch on the stock's ability to hold above the 50-DEMA. If the price sustains above this level, it could trigger further buying interest. Conversely, a decisive break below this support could signal renewed selling pressure. Monitoring volume during these moves will also provide important context on the strength of the trend.
Key takeaways
- Category: Company.
- AI reads the tone as positive (potentially bullish) for the stock.
Why it matters
A routine update. The tone is positive — historically associated with upward pressure, though not predictive. Use the price and stock snapshot to gauge how the market is responding.
