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!!
STARHEALTH
STARHEALTH - Symmetric Triangle Breakout🔊 STARHEALTH - Symmetric Triangle Breakout
STARHEALTH - STAR HEALTH & AL INS CO LTD
⌛Duration - Short Term (4 month to 8 month)
📊📈 Trade Logic -Symmetric Triangle Breakout
CMP - ₹628.65
Time Frame - Weekly
🎯Target 1 : ₹760
🎯Target 2 : ₹830
🎯Target 3 : ₹900
🛑 Stop : ₹560
🏆 Risk/Reward Ratio (1: 4.25)
Disclaimer: The stock information shared above is not a recommendation to buy, sell, or hold. It reflects my own analysis and is intended solely for educational purposes. Any actions you take based on this information are your responsibility, and the admin of this channel is not liable for any financial gains or losses. Please consult a financial advisor before making any investment decisions. I am not a SEBI-registered advisor.
STARHEALTH -Cup and Handle -Breakout with volSTARHEALTH -Cup and Handle -Breakout with vol
Pattern: Cup and Handle
The Cup and Handle pattern is a bullish continuation pattern
Name - STARHEALTH
Pattern - Cup and Handle
Timeframe - Daily
Status - Breakout with good volume
Cmp - 628
Target - 736
SL - 616
Fundamentals:
Here are some key fundamental ratios for Star Health and Allied Insurance Company Ltd:
Market Cap: ₹36,805.87 Cr1
Current Price: ₹628.651
Price-to-Earnings (P/E) Ratio: 36.511
Price-to-Book (P/B) Ratio: 5.541
Return on Equity (ROE): 13.23%1
Dividend Yield: 0.00%1
STARHEALTH (Trendline Breakout Seen on WTF)Star Health and Allied Insurance Company Ltd (STARHEALTH) has given a trendline breakout on the weekly chart frame (WTF). The stock could head towards 610, 650 in the coming few days. Also, increasing volumes can be seen on the WTF. The stock is also trading above 200 EMA level, which is placed at 558 (on daily time frame). Stop loss can be placed at the low of the current weekly candle, which is 555. #STARHEALTH
Disclaimer: This post is for educational purpose, and not a recommendation. I am not a SEBI registered analyst. Investors must consult a financial advisor before making any investment.
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
Star Health 2 breakoutsChart -> Star Health Daily
Both trendline and horizontal resistance lines break out on the chart.
CMP: 617
Good Range To Buy: 590 to 615
Targets: 661, 699, 736, 762
SL: 572 Daily Close
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
STARHEALTH - Head & Shoulder in Making - Swing TradeThe analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.