In the Weekly Chart of STARHEALTH ,
we can see that, it has multiple rejections at 570-575 levels.
Enter at 575 with 550 as SL and Go Long for an year.
Bottom pick.
Stock PE is below industry PE.
Promoter Holding is good & No promoter Pledged.
Debt is less than reserves.
Demand Zone is marked as green shaded horizontal area.
Resistances are marked as red horizontal lines.
Stoploss is marked as orange horizontal line.
Demand Zone is from 500 to 470, which may act as reversal zone.
Trendline resistance are marked...
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
Stock has traversed in this range multiple times. Whenever it reaches the support level, reverses for a 20% upside potential.
Fundamentally stock has posted highest ever revenues and profits and is trading at a lower support level.
starhealth sideways range is 580-550..once this level is broken it will go up side...this has marked a trendline where the stock has been sustained around 646 k and will follow the fallingwedge pattern..one more point share has been delivered in stock today
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.
Buy Star Health above 555
SL 534 (21Rs)
Target 1: 586
Target 2: 600
Target 3: 618
Target 4: 639
Duration 1-2 month
Insurance sector is underperformed , expecting reversal in the sector. Entry before breakout with smaller stop loss
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.
Reversal trade
Trendline broken
940 target
580 stoploss
6R trade
Manage your risk
Dont risk more than 1% of your trading capital after target ride the trend
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.
