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Pbfintech

PB Fintech Broke Base, Attempted but failed to go back inNSE:POLICYBZR today confirmed that it broke its base and while retesting it couldn't and faced supply with MACD getting Negative and 50 DSMA trending down. About: PB Fintech Ltd, popularly known as NSE:POLICYBZR is India’s largest online platform for insurance and lending products through its flagship brands - Policybazaar and Paisabazaar platform through which they provide convenient access to insurance, credit and other financial products. F&O Activity: Short Buildup in Futures with 1700 CE Gaining Significant OI. Trade Setup: It looks like a good 1:1 trade setup, with the recent swing high as a strong resistance zone, the MACD is Trending Down along with 50 DSMA. Target(Take Profit): Around 1354 Levels for Positional Trader and 1400 for Swing Trader. Stop Loss: Entry Candle High for Swing Trader and Recent Swing High or 1700 Levels for Positional Trader. 📌Thank you for exploring my idea! I hope you found it valuable. 🙏FLLOW for more 👍BOOST if useful ✍️COMMENT Below your views. Meanwhile, check out my other stock ideas on the right side until this trade is activated. I would love your feedback. Disclaimer: "I am not SEBI REGISTERED RESEARCH ANALYST AND INVESTMENT ADVISER." This analysis is intended solely for informational and educational purposes only and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
NSE:POLICYBZRShort
by Karanshah137
Policybazar-A rounding bottom pattern of ATH breakoutPolicybazar has formed a beautiful rounding bottom pattern and is now looking strong for a strong bullish trend. Stock belongs to new age startup category and investing has more risk associated compared to bluechip stocks. ATH breakouts are usually explosive and can be considered for quick swing trade as well.A similar pattern was observed in Zomato and stock has given good returns since then. Idea is just my personal opinion and not a recommendation.
NSE:POLICYBZRLong
by chartistamey
PB Fintech at ATHNSE:POLICYBZR has crossed its listing price and has entered a new All Time High zone. Stocks that do this normally start their new journey from these levels. It went through a long correction that came in because of the over-valuation but the company has walked the talk and has delivered on fundamentals. This hence, looks like a structural move in the chart as well and I do expect a good follow-up going ahead. Stop Loss at 1450 should act well here. Go Long.
NSE:POLICYBZRLong
by jatin_agarwal
2
POLICY BAZAAR - MID TERM ANALYSIS - 2nd June #stocksPOLICY BAZAAR (1M TF) - MID TERM Trade Analysis given on 2nd June, 2024 Pattern: ROUNDING BOTTOM - Monthly Volume Buildup at Resistance - Done ✓ - Monthly Resistance Breakout - In Progress - Demand Zone Retest & Consolidation - In Progress Please Note: - The stock is about 14% away from the IPO Levels - Will look at a partial entry and then pyramid into if it moves in my direction - SL will be paramount since its a risky trade * Disclaimer
NSE:POLICYBZRLong
by TradeRyteStockz
PB FINTECH - POLICYBAZAARPB Fintech Ltd, popularly known as Policy Bazar is India’s largest online platform for insurance and lending products through its flagship brands - Policybazaar and Paisabazaar platform through which they provide convenient access to insurance, credit and other financial products. Overall business: Revenue grew 2.4x in 2 years Consolidated Revenue grew 43% YoY to ₹871 Cr Core Online Revenue grew 39% YoY to ₹593 Cr Lending Disbursal is at an ARR of ₹14,321 Cr Credit cards issued at an ARR of 5.6 Lacs PAT improved by ₹482 Cr YoY to ₹4 Cr (YTD) Cash position improved by ₹204 Cr YoY to ₹5,150 Cr 34% of incremental revenue translated to EBITDA Adjusted EBITDA consistently growing over ₹ 50Cr per quarter YoY India continues to have one of the widest protection gaps 66% of Health expenditure is Out-of-Pocket: Big opportunity for Health insurance Only 3% Life Coverage: Big opportunity for Term Insurance The future is in Tier 2 & 3 cities
NSE:POLICYBZRLong
by CannySunny