FIVESTAR - Weekly Breakout Watch
FIVESTAR is approaching a key technical zone after a prolonged correction.
The stock is testing a long-term falling trendline while also nearing an important horizontal resistance around ₹550/565. A decisive weekly close above both levels, supported by strong volume, could signal the beginning of a fresh uptrend.
Trade Setup
📌 CMP: ₹497
✅ Watch for Weekly Closing Above: ₹565
🛑 Stop Loss: Below the recent swing low (Weekly Closing Basis)
Indicative 490/470
🎯 Potential Targets:
* ₹620
* ₹700
* ₹800+
* ₹850 (Major Resistance)
This is a breakout watchlist trade.
Wait for confirmation before entering rather than anticipating the move.
Disclosure: The Research Analyst and/or clients may have positions in the security discussed. Views are based on technical analysis and are subject to change without prior notice.
FIVESTAR is approaching a key technical zone after a prolonged correction.
The stock is testing a long-term falling trendline while also nearing an important horizontal resistance around ₹550/565. A decisive weekly close above both levels, supported by strong volume, could signal the beginning of a fresh uptrend.
Trade Setup
📌 CMP: ₹497
✅ Watch for Weekly Closing Above: ₹565
🛑 Stop Loss: Below the recent swing low (Weekly Closing Basis)
Indicative 490/470
🎯 Potential Targets:
* ₹620
* ₹700
* ₹800+
* ₹850 (Major Resistance)
This is a breakout watchlist trade.
Wait for confirmation before entering rather than anticipating the move.
Disclosure: The Research Analyst and/or clients may have positions in the security discussed. Views are based on technical analysis and are subject to change without prior notice.
Trade ist aktiv
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Website:
nareshg.in
Telegram:
t.me/NareshGSebiRegistered
YouTube:
youtube.com/@NareshGSebiRA
Best Regards
Naresh G
SEBI Registered Research Analyst
INH000010797
nareshg.in
Telegram:
t.me/NareshGSebiRegistered
YouTube:
youtube.com/@NareshGSebiRA
Best Regards
Naresh G
SEBI Registered Research Analyst
INH000010797
Verbundene Veröffentlichungen
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
Website:
nareshg.in
Telegram:
t.me/NareshGSebiRegistered
YouTube:
youtube.com/@NareshGSebiRA
Best Regards
Naresh G
SEBI Registered Research Analyst
INH000010797
nareshg.in
Telegram:
t.me/NareshGSebiRegistered
YouTube:
youtube.com/@NareshGSebiRA
Best Regards
Naresh G
SEBI Registered Research Analyst
INH000010797
Verbundene Veröffentlichungen
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.