The stock of PB Fintech has been in a long-term uptrend. The latest leg of rally, post a sideways corrective movement, began in November last year on the back of support at ₹1,630.

Today’s Stock Recommendation: January 6, 2025

Video Credit: Businessline

The chart shows that the stock has confirmed a bull flag pattern consequent to the rally in the past few sessions. While this chart set up indicates an upswing to ₹2,700, it should be noted that ₹2,500 is a potential resistance.

Participants can go long on the stock of PB Fintech at ₹2,210 and buy more shares if the price dips to ₹2,125. Place stop-loss at ₹2,000 at first. When the stock rises to ₹2,400, revise the stop-loss to ₹2,280. On a rally to ₹2,450, alter the stop-loss to ₹2,380. Liquidate the longs at ₹2,500.

(Note: The recommendations are based on technical analysis. There is a risk of loss in trading.)