Topic Statement:
PB Fintech Ltd (PolicyBazaar) is recovering from its first significant correction following a steady bull run, with price action now approaching key resistance levels.
Key Points:
1. The stock retraced to the 50% Fibonacci level at 1300, where it found strong support and began to stabilize
2. A wedge candlestick pattern is forming, and a breakout in either direction could determine the next trend
3. The price faces stiff resistance at the 2000 mark, which may act as a ceiling unless bullish momentum drives a breakout
PB Fintech Ltd (PolicyBazaar) is recovering from its first significant correction following a steady bull run, with price action now approaching key resistance levels.
Key Points:
1. The stock retraced to the 50% Fibonacci level at 1300, where it found strong support and began to stabilize
2. A wedge candlestick pattern is forming, and a breakout in either direction could determine the next trend
3. The price faces stiff resistance at the 2000 mark, which may act as a ceiling unless bullish momentum drives a breakout
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免責聲明
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.