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Price and trend forecast of FIVESTAR for Tomorrow, Weekly, Monthly

Five-Star Business Finance Limited

Symbol: NSE:FIVESTAR

ISIN: INE128S01021

729.50

As on 2024-04-12

511.60 (52W Low) 876.55 (52W High)

FIVESTAR's Today's Performance

Five-Star Business Finance Limited started the day by opening at 728.00 today 2024-04-12. Its shares reached a high of 733.90 and dipped to a low of 705.35 in intraday. When the markets closed, FIVESTAR’s stock price settled at ₹729.50 per share. Also check out its key support and resistance levels.

FIVESTAR Buy/Sell Targets

Tomorrow, buy FIVESTAR when its price reaches ₹ 729.50 with a stop-loss order at ₹ 714.58. You can set the target price as ₹ 744.43 to capture potential gains. This buy position balances the risks and rewards evenly, aiming for a 1:1 risk-reward ratio.

In the sections below, we will discuss detailed share price target of FIVESTAR for tomorrow's session along with weekly support and resistance. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.

Important Resistance for FIVESTAR

Resistance Levels Value in ₹
Tomorrow Resistance 1 740
Tomorrow Resistance 2 751
Tomorrow Resistance 3 769

Important Supports for FIVESTAR

Support Levels Value in ₹
Tomorrow Support 1 712
Tomorrow Support 2 694
Tomorrow Support 3 683
Based on where the stock opens tomorrow, if FIVESTAR opens on a positive note, our first target will be ₹740. If Target 1 is achieved, we will aim for Target 2 which is ₹751.

But if FIVESTAR falls below the average value of ₹722.92, you can enter a sell side position with target number 1 - ₹712 and second target - ₹694 This average value also act as support and resistance level. When the stock is trading above the average, it will act like support area. Another important thing is, stocks usually get back to this average value when the price trades too far from avg. In simpler words we can consider the average price as a magnet.

Daily Volume chart of FIVESTAR

Looking at FIVESTAR, we've seen a Decreasing trend in its trading volume over the past week, which really tells us how active traders have been with this stock.

In terms of its price, FIVESTAR has been on a Downward path, giving us insights how its value changes in the market.

Based on this, the predicted sentiment for FIVESTAR is moderate bearish.

Tomorrow's Volume based share price Forecast for FIVESTAR

FIVESTAR's Volume is currently in a Decreasing trend, and Price is in a Downward direction. Therefore, we can say the stock is in a moderate bearish trend. Volume trend strength over the last month compared to the last week is 81%.

Reversal detection for FIVESTAR

Predicted trend chart of FIVESTAR tomorrow for price forecast
FIVESTAR may reverse its trend from downside (Short term bullish outlook) and we can get target of ₹731 in morning tomorrow
Target 1 tomorrow734
Target 2 tomorrow741
Target 3 tomorrow751
 

Investferry’s trend analysis method detects short term overbought and oversold situations to identify reversal in stocks. Use this as reference for short term counter trend trades.

Combine this trend forecast with FIVESTAR's tomorrow's target prediction and you will have a base for what can be done in the upcoming trading session.

Based on where the stock opens tomorrow, if FIVESTAR opens on a positive note, our first target will be ₹740.48. If Target 1 is achieved, we will aim for Target 2 which is ₹751.47.

But if FIVESTAR falls below the average value of ₹722.92, you can enter a sell side position with target number 1 - ₹711.93 and second target - ₹694.37

FIVESTAR's Weekly Targets
1st Up Target 767.78
2nd Up Target 806.07
1st Down Target 698.28
2nd Down Target 667.07

As the week for FIVESTAR ended on bearish sentiments, we can expect further continuation of this sentiment. FIVESTAR's initial target will be 767.78 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 698.28 in the upcoming week.

Weekly OHLC Values
Open 762.95
High 774.85
Low 705.35
Close 729.50

Week for FIVESTAR started with an open price of 762.95, and the close was at 729.50. FIVESTAR reached the highest of 774.85 and dipped lowest up to 705.35 last week. This indicates a bearish sentiment for the week.

FIVESTAR full month swing targets
Monthly Up Target 1 837.28
Monthly Up Target 2 875.57
Monthly Down Target 1 628.78
Monthly Down Target 2 528.07

Targets of ₹837.28 can be expected to be reached in the coming month. Once FIVESTAR achieved this target, we can aim for the next upside target of ₹875.57.

FIVESTAR if fails to hold upside, down targets of ₹628.78 and ₹528.07 can be achieved by end of this month.

For complete three weeks if FIVESTAR is bullish, the stock may decline in the last week on the month as traders usually close their positions. So in this case, you should aim for weekly support level which will act as targets here.

Related Stocks in the Same Sector as FIVESTAR

Symbol Name Industry
HDFCBANK HDFC Bank Limited Banks - Regional
ICICIBANK ICICI Bank Limited Banks - Regional
SBIN State Bank of India Banks - Regional
LICI Life Insurance Corporation Of India Insurance - Life
BAJFINANCE Bajaj Finance Limited Credit Services

Summary

FIVESTAR is expected to reach the target of 740.48 in tomorrow's trading session.

After achieving the initial target in FIVESTAR, we will aim for higher targets of 751.47 tomorrow.

However, if FIVESTAR starts to trade below ₹722.92, then we will shift our focus to the sell side and aim for down targets of 711.93 and 694.37.