FORTIS (1D TF) - Swing Trade Analysis given on 22nd Feb, 2024 Pattern: RECTANGLE BOX - Volume buildup at Resistance - Done ✓ - Resistance Breakout - In Progress - Retest & Consolidation - In Progress #stocks #swingtrade #chartanalysis #priceaction #traderyte #FORTIS #stockmarket #sharemarket #viral #sharemarketindia #StockMarketindia
After a breakout from the range pattern, Stock is now in clear uptrend past few trading sessions sellers trying to pull it down but buyers form LONG WICK CANDLES
Weekly Timeframe is bullish Daily Timeframe has tested it's structure 4HR timeframe is bullish
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BUY above high of brakeout candle with 1:2 take profit
CMP: 321 - 1-year box breakout near All-Time High - Looks good with SL near yesterday's Low
NSE:FORTIS #NSE:FORTIS formed beautiful rounding bottom and given Resistance BO and the level retested, fair chances to move up with decent volumes. SL 280, Target Open. Our friends got this level @ 248 and now trading @ 298 !!
Stock Name - Fortis Healthcare Limited Ichimoku Cloud Setup : 1). Today's close is above the Conversion Line 2). Future Kumo is Turning Bullish 3). Chikou span is slanting upwards All these parameters are showing bullishness at Current Market Price and more bullishness AFTER crossing 301. #This is not Buy and Sell recommendation to any one. This is for...
buy above 282 in intraday keep qty less as stock is not very liquid For stoploss in Intraday use 5 minute chart and see nearest support. for target use 5 min chart and fibonacci pivots as i don't keep predefined target. try to book partially and trail. Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical...
Stock Name - Fortis Healthcare Limited Ichimoku Cloud Setup : 1). Today's close is above the Conversion Line 2). Future Kumo is Bullish 3). Chikou span is slanting upwards All these parameters are showing bullishness at CMP and more bullishness AFTER it cross the 280. #This is not Buy and Sell recommendation to any one. This is for education purpose and a...
Here one candle representing 1 hr OHLC data , 1) Daily Support is near 232 2) Head and shoulder pattern 3) Neckline is good We can expect an up Move from here till the next resistance zone.
With the Strong Quarterly Results Reported by Fortis on 12 Nov 2021. Fortis will be Trending and once it breaks out 273 levels the Stock may face resistance at 281 levels then at 300-304 levels where there might be some Profit Booking. If the Stock Close Above 304 and sustains for more than a week then the Stock may see further upside till 350 - 360 levels....
Triangle pattern and bullish MACD crossover in Fortis Healthcare Limited
🔴DISCLAIMER ***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ****** Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have...
Fortis :: LONG Buildup Low Risk ------------------------------------- -- Buy at Current Levels 255 - 265 -- Initial S/L 245 for ST Traders ( 232 for LT) -- Add more when price sustains or retraces to FIB levels above.. -- Trail S/L using FIB Levels or SuperTrend indicator Reasons for increased probability:: ---------------------------------------------- --...
Chart itself break the support line and now cosolidate on that area. So if market again break the support line on upside and stay there for at least two trading session and then showing a bullish candle then you can take long position or buy it. And if you have existing position then kindly use the stop loss below the support line and if today market itself...
Note: 1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR. 2. Always remember SL is your lifeline, not the big target... 3. Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns... 3. Views given here is not a tip rather it is for educational purpose... Aftermarket...
I will look at buying FORTIS because : It has broken the Resistance. Its back to its resistance and we can see big move upwards soon Entry : 232 Target : 300+ Stop loss : 211