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.
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Website:
nareshg.in
Telegram:
t.me/NareshGSebiRegistered
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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
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
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
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.