Star Health & Allied Insurance – Technical View

📊 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) ⚠️ Educational only