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 attivo
525Nota
546Nota
558Nota
575
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
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
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
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.