FIVESTAR - Weekly Breakout Watch

Jun 26

FIVESTAR - Weekly Breakout Watch

FIVESTAR is approaching a key technical zone after a prolonged correction.

The stock is testing a long-term falling trendline while also nearing an important horizontal resistance around ₹550/565. A decisive weekly close above both levels, supported by strong volume, could signal the beginning of a fresh uptrend.

Trade Setup

📌 CMP: ₹497

✅ Watch for Weekly Closing Above: ₹565

🛑 Stop Loss: Below the recent swing low (Weekly Closing Basis)
Indicative 490/470

🎯 Potential Targets:

* ₹620
* ₹700
* ₹800+
* ₹850 (Major Resistance)

This is a breakout watchlist trade.
Wait for confirmation before entering rather than anticipating the move.

Disclosure: The Research Analyst and/or clients may have positions in the security discussed. Views are based on technical analysis and are subject to change without prior notice.

Jul 1

Trade active

525

Jul 2

Note

546

Jul 3

Note

558

Jul 20

Note

575