- Crossed IPO high of 1470
- strong closing
- Good consolidation before breakout
- Now in Institutional advance phase
- typical Cup & Handle
Notice the HV1 on 31/5/24 with gapup post which the story changed
NSE: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...
POLICY 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...
Policybazar 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...
PB 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...
In this chart we clearly see that one impulse wave is over ..we can see one big bullish uptrend on upcoming month. It is great stock for swing trading with minimum stoploss ..
Disclaimer:- Invest at your own risk,, i am not register with Sebi.. This chart is according to my technical analysis which i learnt from past years
This is a purely Technical Call.
Low Risk High Reward
Insurance space in India is very premature. With the current gen understanding the importance of Insurance and financial assets, there would be a surge in this sector going forward and not to forget this gen is tech savvy.
PB Fintech Ltd, is a multinational financial technology company, popularly known as...
The share of PB Fintech underwent a massive re-rating and it therefore, collapsed into a downward spiral. This correction has finally ended and we can probably see the most beautiful trendline in this chart. Buy for long term with a stop loss at 450.
#PolicyBazar today good candle need few more such candles.
Though looking good for rounding bottom formation.
Fall is limited CMP 544 can be added for long term.
