Fortis Healthcare - Positional BetPurely consolidate in upmoving channel since IPO listed on exchange
And now trying to break upper edge of channel.
If closed above 260 levels in month closing then try to buy small qty, volume decreases in recent days that's why i recommend small qty
if stock corrects and we gets price near 220-230 level then add more qty for longterm basis.
Tgts open
FORTIS
Short Fortis HealthFortis Health
NSE:FORTIS
Cmp - 242
Stop - 285 on DCB
Expectation -
T1 - 200
T2 - Wait, Review at 200
Expected Holding Period - 100 trading days or earlier for T1
View:- Positional Exit
Disclaimer:-
Ideas being shared only for educational purpose
Please do your own research or consult your financial advisor before investing
#LALPATHLABS CMP2968 #Target 3400 #CNXPHARMA #ModiSpeech #NiftyDaily Chart
#LALPATHLABS
NSE: LALPATHLABS
Short Term Quick Profit
CMP 2968.
Target: 3400
SL : 2836
Timeframe < 45 Days
Cand hold for longer time
RALLY COMING SOON ON THIS ONE
ITS A BULL MARKET RALLY. Bullish on whole INDIA!
Corrections followed by another high!
Factors:
Inverted Head & Shoulder Pattern Forming
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations.
With 💚 from Rachit Sethia
[SWING/POSITIONAL] INDRAMEDCO Long....Good Structure observed in Indramedco
For movement play buy above 96
SL below 65
Target 112-121
good support near 75-72
volumes picking up in uptrend and dry up in consolidation
Fundamentals:--
Market Cap-- ₹ 809 Cr.
ROCE-- 20.5 %
ROE-- 17.4 %
Company is almost debt free
Mcap FF (Cr.)--- 395.97
Please maintain SL closing basis as this is small cap stock
Risk 1-3% of your capital(so plan position sizing base on this)
My trading view ideas past accuracy around 73%(Please maintain your SL)
Fortis Healthcare - Multiyear Breakout StockFortis Healthcare stock given a bullish multiyear breakout above 220 & sustained above 220 and presently trading at 233 levels. The stock is expected to give multifold return in coming years with the new management in action since 2019 and now we can see the outperformance in this stock. So one can think of adding this stocks in their portfolio, stop loss to be used in case the stock did't work out.
The Post is only for Educational Purpose.
Fortis Healthcare LtdDaily Chart Pattern
Share at Close Crossing 52 Week High
Positive Volume Buildup
Operating Profit at all time high
PROS
Company has reduced debt.
CONS
Stock is trading at 2.55 times its book value
Company has low interest coverage ratio.
The company has delivered a poor sales growth of 3.16% over past five years.
Company has a low return on equity of -1.77% for last 3 years.
Promoter holding has decreased over last 3 years: -3.26%
Fortis: 5 yearly itch Fortis is yet again playing out its 5-year cycle. A look at the left-hand chart which is the monthly time frame, clearly shows this cyclicality of 5years. It has been a long-term under-performer and is now dealing with some serious resistances. Last session we had a fine high-volume breakout which should continue further up unless the short-term supports of 160 is not broken. With the momentum backing the pharmaceutical stocks can this be an opportunity for the stock to rally further up and test 200? Well, I think it’s possible.
Thank you for following my work and please feel free to share your thoughts and suggestions.
Trade Well. Trade Wise.
Fortis healthcare share at BO level.Let's wait for the BO level @ 135 of fortis healthcare. this is very major resist. level for the stock . once broken we can see the level of 140 in the stock. Now can see stock is in bullish mode. for quite some time this stock in sideways but will take entry after the clean BO in the stock.
Always do trading as per your Reward to Risk ratio means Never risk more than you can afford to lose on a single trade. Please keep patience & wait for the levels means Sit and wait for the right opportunity. Request to like & follow for more such ideas of technical analysis learning.The idea sharing is for educational purpose only. In case any suggestion advice required feel free to ask .
Apollo hospital1) Likely to breakout of triangle pattern as low volume on retracement
2) Navi mumbai hospital which was loss making and eating away profits has now become ebitda positive, likely to boost profitability in near quarters
3) Fortis IHH deal will rerate the healthcare industry
4) RSI above 60 though fallen due to consolidation
My PredictiveEngine's Intraday call(31-May-18)-FORTIS-LongBased on my PredictiveSystem's signals, its going to be a GREEN candle on 31-May-2018 for FORTIS
Buy Above: 146 for targets -
T1: 147.1
T2: 147.8
T3: 148.4
SL: 144.8
Note: These calls are based on my own analysis. It may or may not work well for you.So please carefully consider whether it is suitable for you and please do your own research before attempting any. The profit/loss made by you due to this call, is solely your own responsibility. Thanks, All the best. Happy Trading. :-)
Do Fortis A Buy ?BSE:FORTIS is trading at strong support zone, if NSE:FORTIS breaks the support, it can see 120 levels in near term, else bouncing back from the support can lead NSE:FORTIS to 160 levels.
However before investing in the company, Please note that statutory auditor has issued red flag with regard to sufficient and appropriate evidence, so staying away from it would be best option, till green flag has been given by auditor.