The chart for PolicyBazaar (POLICYBZR)

2 dic

he chart for PolicyBazaar (POLICYBZR) shows a bullish cup and handle pattern with a confirmed breakout above the neckline near 1940-1950, signaling potential upside. The stock is in a strong uptrend, supported by rising moving averages (21 EMA at 1774.62, 50 SMA at 1720.45, and 100 SMA at 1660) and a well-defined trendline. Immediate resistance lies at 2000, with a pattern-based target of 2350 (cup depth of ~400 points added to the breakout level). Indicators such as the RSI at 73.12 suggest overbought conditions, hinting at possible consolidation, while the MACD shows strong bullish momentum with a positive crossover. Recent volume spikes confirm buying interest, adding validity to the breakout. Traders can aim for long positions above 2000 with stop-losses at 1775 (21 EMA) or 1720 (50 SMA). However, a breakdown below 1775 would negate the bullish setup, signaling possible correction or reversal. Strict risk management is advised, as broader market trends may influence the stock's performance.