STARHEALTH - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 3.9

Here’s a detailed technical analysis of Star Health and Allied Insurance Co. Ltd. (STARHEALTH)

📊 Trend Analysis

Current Trend: The stock is in a mild uptrend, trading slightly above both its 50 DMA (₹440) and 200 DMA (₹446). This suggests a potential shift from consolidation to a short-term bullish phase.

Long-Term Trend: Still weak, with the stock down ~28% from its 52-week high of ₹623.

📈 Moving Averages

50 DMA: ₹440

200 DMA: ₹446

Current Price: ₹449

Interpretation: Price is marginally above both averages, indicating a bullish crossover. Sustaining above ₹450 would confirm trend continuation.

📉 MACD & RSI

MACD: Positive at 2.40, suggesting early bullish momentum.

RSI: Neutral-to-bullish at 54.3 — no overbought signal, but room for upside.

Conclusion: Momentum indicators support a buy-on-breakout approach, especially if RSI pushes above 60 and MACD widens.

📊 Volume Trends

Current Volume: 3.83 lakh

1-Week Avg Volume: 24.06 lakh

Interpretation: Volume is significantly below average, indicating low conviction. A volume surge near ₹460–₹470 would validate bullish breakout.

📉 Bollinger Bands

Price is likely near the middle band, reinforcing the consolidation view. A breakout above ₹460–₹470 with volume would confirm bullish momentum.

📌 Support & Resistance Levels

Level Price (₹) Commentary

Support 1 440 50 DMA, short-term support

Support 2 427 Previous swing low

Resistance 1 470 Near-term resistance zone

Resistance 2 510–540 Intermediate swing highs

Resistance 3 623 52-week high

🎯 Entry & Exit Zones

Optimal Entry: ₹440–₹445 (on pullback with volume confirmation)

Exit Zone: ₹510–₹540 (partial profit booking), ₹620+ (final target if breakout sustains)

🔍 Summary

Trend: Mild uptrend

Momentum: Neutral to slightly bullish

Bias: Buy on dips

Short-Term Strategy: Accumulate near ₹440–₹445 with breakout confirmation above ₹470. Target ₹510–₹540 initially, with potential for ₹620+ if momentum builds.

Let me know if you'd like a visual chart setup or swing trade plan based on this!

Edit in a page