How to trade Paytm stock: Buy, Sell or Hold? Chart check here

Paytm stock was in focus on Tuesday amid reports of Chinese investor Ant group likely to exit its entire stake via block deal. Tech charts show Paytm looks favourably placed for now.

Shares of Paytm traded on a subdued note despite heavy volumes at the counter. As of 10:00 AM, Paytm stock was down over 1 per cent at ₹1,066, after touching a high of ₹1,087.60, and a low of ₹1,058 on the BSE. The counter had seen a combined volume of around 55 million shares thus far.  According to Reuters report, Chinese investor Ant Group was expected to offload its remaining 5.84 per cent stake through block deals in Paytm, worth ₹3,800 crore ($434 million).  At present levels, the stock trades close to its 52-week high of