Stock Radar: PB Fintech stock pares gains after hitting record high in January; buy the dip or book profits?

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Short-term traders with a high-risk profile can look to buy the stock for a target of Rs 1,868 in the next 1-2 months, suggested experts.

Synopsis

PolicyBazaar stock hit a high of Rs 2,254 on January 6, 2025, but failed to sustain momentum, closing at Rs 1,688 on January 23 — a drop of over 25%. The stock steadily declined after reaching its peak, slipping below key moving averages. However, it found support above the crucial 200-DMA on daily charts, showing signs of recovery.

PB Fintech Ltd witnessed an over 20% fall in a matter of days after hitting a record high in the second week of January but it managed to find support above the 200-DMA on the daily charts.Short-term traders with a high-risk profile can look to buy the stock for a target of Rs 1,868 in the next 1-2 months, suggested experts.PolicyBazaar stock price hit a high of Rs 2,254 on 6th January 2025, but failed to sustain the momentum. It closed at Rs

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ETMarkets.com

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