Buying the Retest? PB Fintech Demand Zone Setup

Technical Analysis –

(1D Timeframe ) Chart Structure: Current Price: ₹1,821.50 Key Demand Zone: ₹1,778 – ₹1,813 (your marked demand box) Immediate Resistance: ₹1,878.95 (structure flip zone) Previous High: ₹1,978 Target Zone: ₹2,244.25 (Fibonacci or swing extension zone) SL Zone: ₹1,709.25 (if price closes below this, bullish structure breaks) 1. Demand Zone Rejection (Strong POI) Price has returned to a previous breakout zone, now acting as a high-probability demand zone. Multiple candle wicks are rejecting the lower band (₹1,778), suggesting buying interest. 2. Structure & Momentum The stock formed a Higher High (HH) and now a Higher Low (HL) near the POI → bullish market structure intact. Price is compressing toward support = possible spring or reversal pattern. 3. Risk-Reward Setup Entry near ₹1,813–1,821 SL below ₹1,778 or ₹1,709 (structure invalidation) Target: ₹2,244.25 (previous extension zone) R:R Ratio: ~1:3.5 or higher depending on entry PB Fintech is currently retesting a key bullish demand zone after a strong breakout and rally. The price is forming a potential higher low at the zone of interest (₹1,778–₹1,813), aligning well with institutional entry models. As long as price holds above ₹1,778, bias remains bullish, and a move toward ₹2,244+ is probable. However, a daily close below ₹1,709 would break the bullish structure and invalidate the long setup.