PB Fintech Broke Base, Attempted but failed to go back in

17 lut

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 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.

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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.

19 lut

Uwaga

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