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.
POLICYBZR
PB Fintech Ltd - Breakout Setup, Move is ON...#POLICYBZR trading above Resistance of 2158
Next Resistance is at 3272
Support is at 1470
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
PB Fintech Ltd - Breakout Setup, Move is ON...#POLICYBZR trading above Resistance of 1698
Next Resistance is at 2158
Support is at 1231
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
PolicyBazaar Channel Breakout: Targeting 2400Details:
Asset: PolicyBazaar (PB Fintech Limited)
Breakout Level: 2200 (sustained above)
Potential Target: 2400
Stop Loss: Below 2200 or as per individual risk tolerance
Timeframe: Short to medium-term
Rationale: PolicyBazaar has given a clear channel breakout, sustaining above 2200. The breakout signals strong bullish momentum, with the potential to reach 2400 in the near term.
Market Analysis:
Technical Setup: The breakout above 2200, supported by strong price action and volume, indicates a shift toward bullish sentiment.
Industry Context: As a leading player in the insurance and financial services aggregation space, PolicyBazaar benefits from increasing digital adoption and demand for financial products.
Price Target:
Immediate target: 2400
Risk Management:
Place a stop loss below 2200 to protect against downside risk in case of reversal.
Timeframe:
Expected move to 2400 in the short to medium term, contingent on sustained momentum.
Risk-Reward Ratio:
Favorable, with defined support and breakout levels providing a strong risk-reward setup.
Monitor the stock for continued momentum and ensure broader market conditions remain supportive to capitalize on the potential move toward 2400.
PB Fintech Ltd - Breakout Setup, Move is ON...#POLICYBZR trading above Resistance of 1470
Next Resistance is at 1698
Support is at 1185
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
PB Fintech Ltd - Breakout Setup, Move is ON...#POLICYBZR trading above Resistance of 1231
Next Resistance is at 1470
Support is at 983
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
POLICYBZR / PB Fintech Ltd Analysis :POLICYBZR / PB Fintech Ltd Analysis :
POLICYBZR
LTP : 730.10
Support : 700-360
Targets: 931/1122/1340/1470
Disclaimer:This is my personal view. Prior to making any investment or trade decisions, please consult your financial advisor.
#POLICYBZR #PBFintech #StocksInFocus #stockmarkets #investing #SGXNIFTY #NASDAQ #nifty50
POLICYBZR- Ichimoku Bullish Breakout Stock Name - PB Fintech Ltd
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 525
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
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