PB Fintech Crashed 36%— But Look What Happened to the ₹1,300 PutA real-market lesson from today's crash in POLICY BZR
PB Fintech closed yesterday around ₹1,886.
Today, the stock crashed all the way towards ₹1,245 in the move shown on the chart.
That is roughly a 36% fall.
But the stock chart is only half of the story.
Look at what happened to the ₹1,300 Put Option.
Its previous close was just ₹0.05.
After the crash, the option was trading around ₹101–₹105.
The screen was showing roughly 202,000% change from the previous close.
Now the obv
Pbfintech
PB FINTECH Swing Trade (15% upside)If Nifty holds current levels ie. 25,000 then there are high chances that PB FINTECH will continue its uptrend and will make a new high.
Currently it is at a buying zone, you can make positions as per your risk.
Sellers are also trapped recently which can start next up-move.
With 1:5 RR and >15% upside potential.
Thanks and let me know if you have any questions regarding this setup in comments.
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 1
POLICYBZR near 200ema......Should we BUY?Pro's: POLICYBZR is at 200 Day moving average. It is at Channel support.
It has come to 200d ema supoort for second time.
Caution: It has made double top which isn't great technically. If it breaks channel support, then it may take support at IPO Breakout zone. But need to check Q3FY25 result growth pace to confirm it strength in stock.
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.
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.
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
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









