FORTIS HEALTCARE LTD AnalysisFOR LEARNING PURPOSE
FORTIS HEALTHCARE LTD - The current price of FORTIS HEALTHCARE LTD is 763.30 rupees
I am going to buy this stock because of the reasons as follows-
1. Its coming out from a good consolidation base
2. It broke a strong resistance zone and making ATH
3. It is showing better relative strength as it stood strong in volatile times
4. The risk and reward is favourable
5. The stock is famous and it belongs to a sector which has not done much in last weeks so I am expecting some move from that.
6. The stock has been very strong in past 2 years and it needed a good rest which it got in last few months.
7. The stock has been outperforming major Index as well as Sectoral Index which is a good sign
I will buy it with minimum target of 35-40% and then will trail after that.
My SL is at 693.30 rupees
I will be managing my risk.
Fortishlth
Fortis: Channel Breakout Above 750 – ATH LevelDetails:
Asset: Fortis Healthcare Ltd (FORTIS)
Breakout Level: 750
Potential Targets: 800, 850, 900
Stop Loss: Below 735 or as per risk management
Timeframe: Medium-term
Rationale: Fortis has broken out of a long-term channel above 750 and is trading at an all-time high (ATH), indicating strong bullish momentum and institutional interest.
Market Analysis:
Technical Setup: Channel breakout at ATH is a strong signal of continuation.
Sector Outlook: Positive sentiment in the hospital and healthcare space due to rising demand and expansion in private healthcare.
Risk Management:
Use stop loss below 735 to protect against reversal.
Timeframe:
Medium-term move expected with sustained bullish momentum.
Risk-Reward Ratio:
Strong breakout at ATH offers high potential with limited downside.
Sustained volume above 750 can trigger rapid upside movement.
FORTIS - Ichimoku Bullish Breakout 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 325
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
I hope you all like my analysis.
Please do share your thoughts into comment section.
Please give a like, it motivates me to do analysis.
FORTIS - Ichimoku Bullish Breakout 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 education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
I hope you all like my analysis.
Please do share your thoughts into comment section.
Please give a like, it motivates me to do analysis.
FORTIS - Ichimoku Bullish Breakout 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 helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
I hope you all like my analysis.
Please do share your thoughts into comment section.
Please give a like, it motivates me to do analysis.
One more example of roof & floor conceptNSE:FORTIS
it is hovering between 230-300 levels
it has taken support 3 times already from 220-230 levels.
it is coming toward support level again so we should initiate buy entry here.
Expecting target should be roof or 300 level.
SL should be below the support zone, wicks are just noise so SL is below the wicks zone.
It is for those traders who take entry basis on horizontal support & resistance.
Don't forget to trade with SL.
Stay tuned
I will come up with more potential ideas with learning.
Happy trading