Paytm shares dip for seventh straight session. Time to buy after Q1 results?

Shares of One 97 Communications (Paytm) extended their losing streak for a seventh consecutive session on Wednesday, 22 July, as investors continued to react to the company's June quarter (Q1 FY27) earnings and its decision to shelve its first-ever bonus share issue.

The Vijay Shekhar Sharma-led fintech company's board announced the Q1 FY27 results after market hours on Monday, 20 July. Paytm share price fell another 2% on Wednesday, taking its cumulative decline to around 8% over the past seven trading sessions.

Sudeep Shah, Head of Technical and Derivatives Research at SBI Securities, said Paytm has corrected nearly 8% from its recent high of ₹1,407, reached on 15 July, reflecting healthy profit-booking after a strong rally between early June and mid-July.

According to Shah, the stock's Relative Strength Index (RSI) has eased from the overbought zone of 80 to around 59, indicating a pause in bullish momentum rather than a reversal of the broader trend. He added that the Average Directional Index (ADX) has flattened near 45—its highest level since March 2026—suggesting that the strength of the prevailing uptrend has moderated.

Shah believes the stock has found support around its 20-day exponential moving average (EMA), making the ₹1,275-1,270 zone a key technical level to watch. Sustaining above this support could pave the way for a fresh rebound, while a decisive break below it could extend the ongoing correction.

Dhanya Nagasundaram works as a Content Producer at LiveMint, specializing in news related to financial markets, stocks, and business. With over eight years of experience in journalism and content creation, she has honed her skills in data-driven reporting and market analysis. Her focus is on monitoring stock trends, initial public offerings (IPOs), corporate news, policy shifts, and larger economic trends that affect investors and market players. <br><br> At LiveMint, Dhanya consistently writes and produces articles that make complex financial topics accessible to readers. She keeps a close eye on equity markets, commodities, and macroeconomic indicators, assisting audiences in comprehending how global and domestic events influence investment perspectives. Her stories frequently underscore emerging trends within sectors, the IPO market, company earnings results, and market strategies pertinent to both retail and institutional investors. <br><br> Before her tenure at LiveMint, Dhanya accumulated a wealth of professional experience at various companies, including MintGenie, Informist, Cogenics, Chary Publications, KPMG, and the Royal Bank of Scotland. These positions allowed her to establish a solid foundation in financial research, reporting, and content creation. <br><br> Throughout her career, she has explored numerous subjects such as trading strategies, commodities, IPOs, wealth generation, corporate profits, and macroeconomic indicators. Her background in both financial journalism and corporate settings has given her the ability to tackle stories with analytical rigor while ensuring clarity for her audience. Through her contributions, Dhanya strives to deliver insightful, trustworthy, and investor-centric financial content.

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