STAR Health has shown a clear Wave (2) bottom and now appears to be in early stages of Wave (3). Price recently bounced from the 50–61.8% Fibonacci zone, retesting volume-supported levels around ₹425–₹430.
If this impulse unfolds cleanly, bullish targets lie ahead:
• Short-term: 506
• Extension: 562 (1.618 Fib)
Volume support + structure suggests institutional interest is active.
Fundamentals:
• Market Cap: ~₹25,000 Cr
• ROE: ~20%, Solvency Ratio: ~2.1x
• P/E: ~45x | P/B: ~9.2x (Premium valuation due to sector position)
• Promoter Holding: 58.28% (No pledging)
• Strong DII & FII interest, rising institutional exposure
STAR is India’s leading standalone health insurer with over 8 lakh agents, expanding presence, and structural demand tailwinds post-COVID. Long-term fundamentals support technical recovery.
Keep on radar: Break and close above 440–₹445 can ignite further momentum.
NOTE: This post is for educational purposes only not a buy/sell recommendation.
If this impulse unfolds cleanly, bullish targets lie ahead:
• Short-term: 506
• Extension: 562 (1.618 Fib)
Volume support + structure suggests institutional interest is active.
Fundamentals:
• Market Cap: ~₹25,000 Cr
• ROE: ~20%, Solvency Ratio: ~2.1x
• P/E: ~45x | P/B: ~9.2x (Premium valuation due to sector position)
• Promoter Holding: 58.28% (No pledging)
• Strong DII & FII interest, rising institutional exposure
STAR is India’s leading standalone health insurer with over 8 lakh agents, expanding presence, and structural demand tailwinds post-COVID. Long-term fundamentals support technical recovery.
Keep on radar: Break and close above 440–₹445 can ignite further momentum.
NOTE: This post is for educational purposes only not a buy/sell recommendation.
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Yt: t.ly/frb4G
LinkedIn: t.ly/g_SjB
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TradingView: t.ly/-UGgZ
Telegram: t.me/traderpulseyt
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Disclaimer
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LOW RISK? PLAY HUGE!
Follow for latest updates and valuable financial content
✆ t.me/iVishalPal
Yt: t.ly/frb4G
LinkedIn: t.ly/g_SjB
WhatsApp: t.ly/_6T9j
TradingView: t.ly/-UGgZ
Telegram: t.me/traderpulseyt
Follow for latest updates and valuable financial content
✆ t.me/iVishalPal
Yt: t.ly/frb4G
LinkedIn: t.ly/g_SjB
WhatsApp: t.ly/_6T9j
TradingView: t.ly/-UGgZ
Telegram: t.me/traderpulseyt
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.