STAR HEALTH & AL INS CO (NSE) By KRS Charts Date: 28th June 2024
Time: 12:42 PM
Why STAR HEALTH?
1. First of all, Decent Fundamentals with Profit making for last two years.
2. On bigger cycle STARHEALTH has finished correction waves with ~454 Rs low
3. Today in Daily TF its Gap-up with strong volume and sustaining above 100EMA.
IF today STARHEALTH closing above 100EMA , its buy for TARGETS of 780 Rs from here for medium Term with SL of 515 Rs.
Thank You!!
Insurancestocks
Life Insurance Corporation of IndiaHello & welcome to this analysis
Stock has been very turbulant since its listing.
Initially a sharp disappointment for IPO investors and then a super duper rally from lows giving investors a 100% return.
However in the last few weeks its gone into a sideways zone.
Resistance at 1000-1050 with support at 850-800
Good stock to accumulate if 800 holds for decent upside
STAR HEALTH - Swing Trade Analysis - 30th June #stocksSTAR HEALTH & ALLIED INSURANCE (1W TF) - Swing Trade Analysis given on 30th June, 2024
Pattern: FALLING WEDGE BREAKOUT
- Weekly Resistance Trendline Breakout - Done ✓
- Volume Spike at Weekly Support Zone - Done ✓
- Demand Zone retest for a Small SL and a better RR - In Progress
* Disclaimer
GICRE-An insurance stock for long term!GICRE has given a breakout from downtrend has retested the 200 levels yesterday.
This stock is looking good as an positional bet. SL can be below 175 weekly closing basis.
Targets can be minimum 300 and then above it hold for long term as an investment pick as per your risk appetite.
Stock has good fundamentals available at cheap P/E ratio of 5.2 at CMP.
Stock also offers dividend yield of above 3% and is in business of reinsurance.
Idea shared for educational purpose only.
LIC can reach new highs now!LIC, the biggest IPO of Indian market history which was bearish since listing has finally showed the start of bullish move.
We have seen great rally in government run insurance companies like GICRE and NIACL.
LIC has given a breakout of inverted head and shoulders 2 weeks back.
Today, it has crossed its strong supply zone near 750.
We can see ATH levels in this stock soon and above that we can expect 1000+.
Safe entry is near 730-750 with SL of 650.
IDEA SHARED FOR EDUCATIONAL PURPOSES.
LICHSGFIN Ready For ATH level 🚀🚀Financial Performance:
-Total revenue from operations grew by 33% compared to the previous year.
-Net interest income increased by 83%.
-Net interest margins remained above 3% for two consecutive quarters.
Highest ever quaterly and yearly results.
Target: 1st target 570
2nd target 660
3ld target 780 ATH level.
Warning:- Please note that I'm not a financial advisor, and investing in the stock market involves risks. It's important to do thorough research or consult with a financial professional before making any investment decisions.
General Insurance Making Round Bottom...Boom in Insurance marketAll INSURANCE sector STOCKS in breakout level watch.. Them
- LICI , GICRE , NIACL , Edelweiss.
- Edelweiss -you can also look on my past analysis on this stock
Or should i post charts of all these stocks ?...
- Highest ever quarterly sales of 13000cr and net profit of 1600 crore.
- Highest ever yearly net profit in segment after LIC and highest ever sales after LIC.
Please note that I'm not a financial advisor, and investing in the stock market involves risks. It's important to do thorough research or consult with a financial professional before making any investment decisions.
Long setup in ICICI prudentialsA bullish flag & pole Chart Pattern Breakout will happen on the weekly Time frame of NSE:ICICIPRULI
Price Action nees to be supported by volume.
The stock is currently in uptrend making higher highs and higher lows.
One can add this stock into their stocks to buy list.
Initiate the long trade as per the levels mentioned on the chart
Stop loss will be on a weekly closing basis.
Trend Analysis :- UP Trend
Chart Pattern :- Bullish flag & pole Chart Pattern
Technical Indicator :- Positive MACD Crossover
SBILIFE- False Breakout gives a SHORT!Attached: SBILIFE Daily Chart as of 21st April 2023
For the Levels, it is already marked in the Chart (SELF EXPLANATORY)
Stop Loss > 1136
Downside Target 1= 1074
Downside Target 2= 1054
For the Thesis as to why it is a SHORT:
- the 17th April Candle was a Breakout Candle that turned out to be a BULL TRAP Candle, so all the Bulls that entered got Liquidated as the Low of the Candle was taken out
- with the 21st April Candle (latest candle) Bears entered the stock giving a Breakdown below POC of the Volume Profile
- All Insurance Stocks saw Selling on Friday, even HDFCLIFE is similar and Bears have taken over in that Stock as well. So a Weak Sector too
Note: Both SBILIFE and HDFCLIFE have Earnings on 26th April (the coming Wednesday)
SBI Life Chart Analysis !!📈 SBI Life 📉
My Findings :-
1. Breakout from resistance zone which was support also earlier.
2. Strong Candle at breakout.
3. Close Above March 2022 High.
Bias- Long
Target- 1205, 1234 and 1288
SL- 1099
RR- 1: 2
All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and revert back if you need some more study on it.
Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
Great long term investment in insurance sector fundamental analysis-
1. shareholding
73.42% promotor holdings ( unpledged )
17.17% FII investors
4.14% DII investors
almost 95% holdings is in strong hands.
2.performace
56.62% 1 year performance (better than peers)
net sales are better than peers.( Rs.2,755 )
financials are getting quite stronger.
*reason to invest in insurance sector-
Having a look at the current market scenario, we can find that LIC has taken over a major part in the overall Insurance Industry in India. However,
given the rate of growth in the other Non-life insurance sectors, it is estimated that they are sure to compete with
Life insurance companies in the years to come. New insurance companies rising up in the market will definitely experience a vibrant growth
and expansion both in the Life as well as General insurance sectors. The general insurance industry is expected to increase by 7-9% in terms of
gross direct premium income in FY22, backed by healthy growth from the health and motor segments.
technical analysis -
on daily frame it looks like bullish flag pattern.
short downtrend was recently broken and retested also with a great heavy volume.
time to accumulate the stock for long term.
this study is for education purpose only.
#hdfclifeinsurance potential breakout continuation#hdfclifeinsurance potential breakout continuation
broke out of a resistance zone with a wide range bullish candle. Insurance sector is bullish.
stop loss could be below the breakout and entry could be above current candle high for swing trades
momentum and trend is bullish in all timeframes and breakout is likely to continue more.
Will you buy icici lombard ?ICICI Lombard GIC is one of the leading private sector general insurance companies in India with a Gross Written Premium (GWP) of Rs135.92 billion for the year ended March 31, 2020. The company issued over 26.2 million policies and settled over 1.86 million claims as on March 31, 2020.(Source : Company Website)
Check to the chart for more information !!!