Good bounce from strong support - Fortis Long

FORTIS HLTH (INDIANSE

Description

⋅ Jul 19, 2017 7:54 AM

Strong support at 142 and the price got good bounce from the support, it happens many times in EOD. On here fortis looking good for short term or swing trade. Wait until to break the trend line. The levels of 155 to 165 is range formation and at present trend is not giving strength to pull up.

Trade:
Buy above - 165
Target 1 - 175
Target 2 - 185
Stoploss - 155

Comment

⋅ Jul 21, 2017 3:59 AM

trade will active soon... keep eye on him...

Comment

⋅ Jul 21, 2017 11:18 AM

Price touching on the buy level... may active on monday.. keep eye on him

Trade active

⋅ Jul 24, 2017 3:55 AM

Trade active

⋅ Jul 24, 2017 10:03 AM

5 points bagged today and still holding for 175 / 185.

Trade active

⋅ Jul 24, 2017 10:05 AM

Trailing Stop loss - 162

Trade closed manually

⋅ Jul 27, 2017 9:49 AM

Trailing Stoploss - 162 hit

Comments

Parasuram

⋅ Jul 21, 2017 11:24 AM

I think it was buy above 155 itself with a stop below 149?

raj3elite

⋅ Jul 21, 2017 11:26 AM

@Parasuram, Sir actually the levels of 155 to 165 is range formation so avoided that range. If the price broken the Range will give you big movement expected.