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.
Chart PatternsTechnical IndicatorsTrend Analysis

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