Paytm Share Price Update for August 23, 2024

On August 23, 2024, Paytm‘s share price closed at ₹554.5, reflecting a marginal increase of 0.09% from the previous closing price of ₹554. This slight rise occurred amidst a fluctuating trading day.

During the last trading session, Paytm opened at ₹585 and reached a high of ₹604.45, while the lowest point recorded was ₹537.95. The company’s market capitalization was noted at ₹35,255.7 crore, with a 52-week high and low of ₹998.3 and ₹310, respectively.

As the trading day progressed, Paytm’s share price remained at ₹554.5 as of 3 PM, indicating a 0.09% decline. The trading volume was reported to be 37.23% lower compared to the previous day, highlighting the need for investors to analyze trading patterns closely.

Technical analysis indicates that the short-term trend for Paytm shares is bullish, while the long-term outlook also remains bullish. However, traders are urged to observe key support and resistance levels. Resistance levels to watch for include ₹566.93, ₹579.22, and ₹587.13, whereas support levels are identified at ₹546.73, ₹538.82, and ₹526.53.

Throughout the trading hours, it was noted that Paytm saw a high of ₹560.45 and a low of ₹553. The stock fell below significant hourly resistance levels, suggesting increased selling pressure, prompting traders to consider either exiting their positions or looking for potential reversal opportunities.