Star Health & Allied Insurance (NSE) (W)Star Health & Allied Insurance Co. Ltd.NSE:STARHEALTHDr_BeanTrend & Momentum Short-term: Neutral to mildly bullish (recovering from lows, but facing resistance at ₹498). Medium-term: Still in a downtrend, but building a possible reversal base. Momentum: Needs a strong breakout above ₹498 to confirm bullish strength. Possible Scenarios Bullish Case Sustained close above ₹498 could trigger upside towards ₹527 → ₹565 → ₹604. Breakout above ₹652 would confirm a major trend reversal. Bearish Case If price fails at ₹498 and breaks below ₹411, it may revisit ₹370–₹350 support zone. Breakdown below that would signal continuation of long-term weakness. Volume Analysis Recent recovery rally saw volume spikes, showing buying interest near the bottom. However, the last few candles show lower volumes, suggesting momentum is cooling off while price consolidates. Stock is in a base-building phase after a long downtrend. A breakout above ₹498 will be the first strong signal for a trend reversal toward ₹565–604. Until then, movement is range-bound between ₹411 and ₹498.