m2gud

FORTIS : WEEKLY , CUP & HANDLE, Positional for 20% GAIN

Long
NSE:FORTIS   FORTIS HLTH (INDIA
Fortis Weekly chart forming CUP & HANDLE , and 1D Chart forming U pattern..
Highly Bullish for approx 1 month holding for 20% gain only ABOVE 145.

As there is a 50 moving average resistance near 145 level.
Buy only above 145 .

Comment: TARGET-1 reached
Comment: TARGET - 2 reached
Comment: TARGET - 3 reached

Comments

All health care and pharma stocks are buzzing nowadays
But, there may be sectoral change very soon!
Reply
m2gud MarimuthuSuppaya
Hello, @MarimuthuSuppaya, Yes pharma stocks are very @ higher valuation, as they already factored the availability of covid vaccine. But hospitals and pharma are here to stay... and with growing population, hospitals are good bet. (Thats the fundamental reason).

What I posted above is mix of Fundamental + technicals.. Lets see, how this stock behaves in coming times. Thanks, for your Comment :) :)
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