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STAR HEALTH AND ALLIED INSURANSTAR HEALTH AND ALLIED INSURANSTAR HEALTH AND ALLIED INSURAN

STAR HEALTH AND ALLIED INSURAN

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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.
NSE:STARHEALTHLong
by Kaushik_Karnale
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.
NSE:STARHEALTHLong
by VivekUshaRastogii
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.
NSE:STARHEALTHLong
by Chart_analyser_NJ
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.
NSE:STARHEALTHLong
by Sniper-Traders
2
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.
BSE:STARHEALTHLong
by VivekUshaRastogii