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

Star Health and Allied Insurance Company Limited

Symbol: NSE:STARHEALTH

ISIN: INE575P01011

550.70

As on 2024-04-12

454.80 (52W Low) 675.00 (52W High)

STARHEALTH's Today's Performance

Star Health and Allied Insurance Company Limited started the day by opening at 558.70 today 2024-04-12. Its shares reached a high of 565.00 and dipped to a low of 548.65 in intraday. When the markets closed, STARHEALTH’s stock price settled at ₹550.70 per share. Also check out its key support and resistance levels.

STARHEALTH Buy/Sell Targets

Tomorrow, sell STARHEALTH when its price reaches ₹ 550.70 with a stop-loss order at ₹ 557.47. You can set the target price as ₹ 543.93 to capture potential gains. This sell 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 STARHEALTH 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 STARHEALTH

Resistance Levels Value in ₹
Tomorrow Resistance 1 561
Tomorrow Resistance 2 571
Tomorrow Resistance 3 577

Important Supports for STARHEALTH

Support Levels Value in ₹
Tomorrow Support 1 545
Tomorrow Support 2 538
Tomorrow Support 3 528
Based on where the stock opens tomorrow, if STARHEALTH opens on a positive note, our first target will be ₹561. If Target 1 is achieved, we will aim for Target 2 which is ₹571.

But if STARHEALTH falls below the average value of ₹554.78, you can enter a sell side position with target number 1 - ₹545 and second target - ₹538 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 STARHEALTH

Looking at STARHEALTH, 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, STARHEALTH has been on a Downward path, giving us insights how its value changes in the market.

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

Tomorrow's Volume based share price Forecast for STARHEALTH

STARHEALTH'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 -65%.

Reversal detection for STARHEALTH

Predicted trend chart of STARHEALTH tomorrow for price forecast
STARHEALTH may reverse its trend from downside (Short term bullish outlook) and we can get target of ₹559 in morning tomorrow
Target 1 tomorrow561
Target 2 tomorrow565
Target 3 tomorrow571
 

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 STARHEALTH'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 STARHEALTH opens on a positive note, our first target will be ₹560.92. If Target 1 is achieved, we will aim for Target 2 which is ₹571.13.

But if STARHEALTH falls below the average value of ₹554.78, you can enter a sell side position with target number 1 - ₹544.57 and second target - ₹538.43

STARHEALTH's Weekly Targets
1st Up Target 567.18
2nd Up Target 583.67
1st Down Target 541.43
2nd Down Target 532.17

As the week for STARHEALTH ended on bearish sentiments, we can expect further continuation of this sentiment. STARHEALTH's initial target will be 567.18 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 541.43 in the upcoming week.

Weekly OHLC Values
Open 565.65
High 574.40
Low 548.65
Close 550.70

Week for STARHEALTH started with an open price of 565.65, and the close was at 550.70. STARHEALTH reached the highest of 574.40 and dipped lowest up to 548.65 last week. This indicates a bearish sentiment for the week.

STARHEALTH full month swing targets
Monthly Up Target 1 592.93
Monthly Up Target 2 609.42
Monthly Down Target 1 515.68
Monthly Down Target 2 480.67

Targets of ₹592.93 can be expected to be reached in the coming month. Once STARHEALTH achieved this target, we can aim for the next upside target of ₹609.42.

STARHEALTH if fails to hold upside, down targets of ₹515.68 and ₹480.67 can be achieved by end of this month.

For complete three weeks if STARHEALTH 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 STARHEALTH

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

STARHEALTH is expected to reach the target of 560.92 in tomorrow's trading session.

After achieving the initial target in STARHEALTH, we will aim for higher targets of 571.13 tomorrow.

However, if STARHEALTH starts to trade below ₹554.78, then we will shift our focus to the sell side and aim for down targets of 544.57 and 538.43.