Star Healthcare Makes a Perfect Descending Tringle Pattern, Where geta Proper Support at Major Support Level & Now ready to Give Trendline Breakout & On a way to Make a Fresh or New Highs
KEEP ON RADAR
NSE:STARHEALTH Stock take support from C point.
Buy sustain above the 557 rupees.
First Target is 575 to 580 rupees.
Second Target is 660 to 670 rupees.
stoploss is below 530 rupees.
The stock is already in a bullish movement from 525 price. Still their is a change for a small target.
CMP -665 we can enter at this price for a Target price of 705.
Chart -> 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.
The 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...
CMP: 741
- 33% fall in 11 days & recovered the same in the next 11 days, crazy V recovery in July
- It has been sideways since then
- Taking support at 21 EMA
Star health has been corrected a lot and forming Inverse Head and Shoulder pattern on daily.
It looks a very strong conviction after it moves above 760 with SL 670
Target would be 920 and ahead.
