PB Fintech Limited (POLICYBZR) Stock - Complete Technical Analysis - Nov 19, 2024

PB Fintech Stock Analysis Key Support & Resistance Levels Technical Insights for Traders

Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Investing in stocks involves risks, and it's essential to conduct thorough research or consult with a financial advisor before making investment decisions. In-Depth Technical Analysis for PB Fintech (POLICYBZR)

PB Fintech (POLICYBZR) is trading at 1,712.65, near a critical support level. Despite a 12.91% dip from its 52-week high of 1,966.5, it's up by 136.15% from the 52-week low of 725.25. The stock recently traded within a range of 1,632 to 1,808, showcasing significant volatility.

Key Support & Resistance Zones:

Support: 1,690-1,700, with further support at 1,600-1,625.

Resistance: Immediate resistance lies around 1,750-1,800, and a breakout above could target 1,875-1,900.

Technical Indicators:

RSI: Neutral territory, indicating no extreme conditions.

MACD: Bullish momentum, suggesting potential for an upward move.

ADX: Weak trend strength (14.82), indicating indecisiveness in the market.

Price Action: PB Fintech's recent price fluctuations suggest potential for both upward and downward moves. The stock shows resilience near 1,700, and if it continues to hold, a bullish trend could be in play. Traders should monitor price movements closely for breakout or reversal signs. The ATR indicates high volatility, meaning price movements could be sudden, requiring active trade management.

Conclusion: PB Fintech is poised for a potential breakout if it sustains above the 1,700 support level. A cautious approach is advised, with the 1,750-1,800 resistance range as the key hurdle.