STARHEALTH trade ideas
Star Health: Trendline Breakout Signals Bullish ReversalStar Health is showing promising signs for long-term holding.
The chart shows a clear downward sloping trendline that has been respected for a considerable period. Recently, the price has broken above this trendline, indicating potential trend reversal from bearish to bullish.
The immediate swing high at ₹675 is a crucial level to watch. This level may act as resistance in the short term.
If the price manages to break above this swing high, it could open the door for a move towards the supply zone. However, if the price faces rejection at this level, a pullback could occur.
The chart suggests a potential scenario where the price could retrace after testing the swing high at ₹675. This retracement could provide a good opportunity for accumulation if the price finds support at lower levels, such as the ₹560-580 zone.
There is a significant increase in volume during the breakout, which adds strength to the bullish case.
Key support levels to watch include the ₹560-580 zone, where the price previously found support after the breakout
There is a marked supply zone between approximately ₹770 and ₹820. where sellers have previously stepped in, leading to price declines. If the price approaches this zone again, it may face significant resistance.
Consider entering a position if the price holds above ₹675 or on a pullback to the ₹560-580 zone. Accumulating during pullbacks with proper risk management could be a prudent strategy.
Be cautious of potential reversals or rejections at the ₹675 swing high or within the supply zone.
This is not a Buy Recommendation, just an idea.
Please give a boost and comment if you like my analysis and feel free to share with others.
Disclaimer: I am not a Sebi Registered Analyst, and the views expressed are of my own and for educational purpose only, Make sure you consult your financial advisor before investing, as I wont be Responsible for any losses incurred.
STARHEALTHStar health has breakout major trend line and resistance Target are mention in the chart and this is only for educational purpose
STARHEALTHStar health has breakout major trend line and resistance Target are mention in the chart and this is only for educational purpose
STAR HEALTH READY TO ROCKSTAR HEALTH can double from here with in few years. Sl below the trend line.
Chart is self explanatory. Please follow the price action & take the trade as per your appetite.
The information provided here is only for educational purpose. The information provided here is not intended to be any kind of financial advice, investment advice, and trading advice. Investment in stock market is very risky and trading stocks, options and other securities involve risk. The risk of loss in stock market can be substantial. Moreover, I am not a SEBI registered analyst, so before taking any decision or before investing in any Share consult your financial advisor and also do your analysis and research.
Request your support and engagement by liking and commenting & follow to provide encouragement.
swing pick - buy at zonethis zone marked is potential reversal zone . expecting reversal from that zone.buyers can look for buying confirmation inside the zone.
-- for target , mark fib retracement on C to latest swing low and keep 0.5 fib value as tgt.
-- sl is candle close below zone
-- if candle closed below this zone , this pattern is invalid. ignore this pick
Educational view_Star HealthBreakout possible ? during Feb-Aug, 2024
Descending triangular pattern
Strong support at 518
Only an educational view
Star health viewStar health view
Waiting to sustain above 550 for more upside
Follow strict risk reward and stop loss if you follow the level
Charts for Educational purposes only
Thanks,
Vichithra
Star Health could see Strong Upside potential.In the event of a market downturn below 508, with a stop-loss set at 480, potential targets could be 739, 812, and 907. Prior to initiating any trades for educational purposes, it is advisable to consult with a financial advisor.
Breakout SoonStar Health & Allied Insurance Stock Weekly Chart Analysis.
Key Trend line to follow :-
1. Follow Red Color Trend Line Range Range for trend
Reversal.
2. Follow Green Color Trend Line Range for support.
Important ---- Keep Track for the breakout from Red Color Long Term Trend line Resistance Range. Breakout from this trend line might show possible trend reversal.
If Broken from TRR
1. First Level of Resistance is Rs. 666 to 677
2. Second Level of Resistance is Rs. 750 to 760
3. Third Level of Resistance is Rs. 830 to 850
Note :- Post is for Educational Purpose and not buy/sell recommendation. I have been wrong in past and i will be wrong in future as well, so please do your own research before investing.
If you like my efforts, Please feel free to like, Re-tweet and Follow.
Star health Beautiful rsi divergence and stock raising from support. Risky players can go long with sl according to their comfort. Targets plotted
STARHEALTHStock Clearly in downtrend
All moving averages below the price
MACD Bearish crossover
RSI also indicate Bearish
Chart setup favour in short.
Disclaimer This is my personal view for education purpose only
No Buy sell recommendations.
STARHEALTH : Going LongFrom the share holding pattern itself one thing is clear and that is the strong hands of institutions are involving in the stock from the last quarter of 2022 onwards while the weak hands of retailers are moving out of it.
In a country like India where a large majority of people are still unaware of the importance of health insurance, there is high growth prospects for a company like Star Health. The institutions are well aware of this and that is exactly why they are being involved in the stock at these valuations.
So when compared to the price at which institutions started accumulating, I'm at a better price point from a valuation perspective. So I'll even consider adding more on to the position if price falls further down to the next inflection point and sum up the total holding to 2.5% of the capital.
As of now, I took a position for about 1.25% of the capital.
STAR HEALTHAs u all know my favrate pattern Double bottom. Star health is also Confirming same pattern.
analysis volume in last rally volume was very good.
Also doing gud consolidation in this price range on ( See on weekly Time Frame).
if stock crosses upper range of this consolidation then it may gud upper side.
SL 572.
SWING TRADE AT LEAST FOR 6 MONTHS.
it has gud potential upside target. follow strick sl & proper risk reward ratio. this is the only holy grail in the market.
Star Health and Allied Insurance Company Ltd. Chart is self explanatory. Please follow the price action & take the trade as per your appetite.
The information provided here is only for educational purpose. The information provided here is not intended to be any kind of financial advice, investment advice, and trading advice. Investment in stock market is very risky and trading stocks, options and other securities involve risk. The risk of loss in stock market can be substantial. Moreover, I am not a SEBI registered analyst, so before taking any decision or before investing in any Share consult your financial advisor and also do your analysis and research.
Request your support and engagement by liking and commenting & follow to provide encouragement.
STAR HEALTH 1w time frame buy @ cmp target 580, 590, 600, 608 STAR HEALTH 1w time frame buy @ cmp target 580, 590, 600, 608
risk reward 1.79
ascending triangle
sl 501
StarhealthStarhealth looks good to long at 560 wirh stop loss of 500 for the target of 620 & 680 & 740
STAR HEALTHSTAR HEALTH will it be a STAR in 2023 or will it show a classic Clearance and Thrust on the Low side
STARHEALTH : Trend Change with Strong Breakout (with Volumes)STARHEALTH : Breakout
Trend Change : U can clearly see Trend Change happening as its making HH & HL Structure.
Good Volumes & Strength
Quick 5-10% Possible then keep trailling
Follow for more Learning and Earning.
Triangle Breakout + double bottom breakoutPlease look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1% - 2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
STAR HEALTH giving BULLISH signshey guys
STAR HEALTH stock was moving in a pattern called
TRIANGLE PATTERN
this stock has tried to cross this pattern
but it has failed everytime ,
But now I think that this stock will break this pattern
BECAUSE
1. A TWEEZERS FORMATION
2. 20 DAY EMA IS ABOVE THE 50 DAY EMA
3. A BIG GREEN CANDLE IS MADE
due to these reasons ,
this stock is good for trade
and can give you high rewards
😀
INV H&S PATTERN - STARHEALTH- EXCELLENT ENTRY ABOVE 770 CLOSEPlease refer the chart for SL & Target Levels. Trail the SL & monitor the position
Disclaimer - This is not a buy or sell advice. I am sharing what I see on the chat & what I am trading, based on my own knowledge & understanding. Please consult your financial advisor before taking any bets in the stock market. I will not be responsible for any profit/loss you incur on your trades based on my published ideas
