Star Health & Allied Insurance – Technical View
The stock is forming a Falling Wedge pattern, which is typically a bullish reversal structure after a prolonged decline. Price is currently holding near the lower wedge support and attempting a base formation. Bollinger Bands are compressed, hinting at a volatility expansion ahead. The stock remains below short-term averages, so confirmation is still awaited.
🔹 Resistance: ₹465–480
🔹 Support: ₹440 | Major: ₹430
🔹 RSI: ~37–45, showing early signs of stabilization
🔹 Volume: No panic selling, gradual participation visible
📈 Bias: Watch for upside breakout above ₹480 for trend reversal.
📉 Breakdown below ₹430 may negate the setup.
📜 SEBI Regd RA | AALGO BREATHS (INH000019886)
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