Stock is Multiyear breakout. Buy on dips in the range of around 250 to 260 with target of T1: 290 T2: 305 and SL of 230.
FORTIS trade ideas
Fortis Health - Long - Bullish Fortis looks good for a good swing trade.
It has formed Bullish Gartley Harmonic Pattern.
Long above 248
T1 264.80
T2 274.30
SL 233.65
Fortis - Bullish GartleyEntry Price = 256.7
Stop Loss = 232.7
Target = 280.30
For Education Purpose Only
Fortis Target 300 - 350With 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. Resistance at 330 levels.
Demand and Supply Zones drawn on the Chart.
Stop Loss Can be below 224rs.
FORTIS - 14 Years Breakout 🔴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 its bullish pressure after the breakout)
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
Fortis :: LONG Buildup Low Risk Fortis :: LONG Buildup Low Risk
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-- 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::
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-- RSI Divergence and price Gapping up near Parallel Channel Bottom.
-- Price near multi-year Resistance Line,, Rewards will be good if the upcoming results are good
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Caution : Midcap Healthcare stock... Prefer allocating <10% of your capital.
This is just a probability and trade only if you know about "Risk Management".
Consult your financial advisor to know more about the risks associated with buying / selling shares.
**/
FORTIS
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 showing a red candle I mean bearish candle then kindly square off your position.
if market is maintain the previous uptrend channel then it will take resistance on the resistance line, and reverse from there. so for swing trade that resistance linen will be the target. And if you want to hold for long term then use the trailing stop below the support line. I hope below picture will be helpful for this text. If you want to know more kindly let me know
FORTIS - ITS A MULTIYEAR BREAKOUT GUYSOne can go Long for months to reap better returns.
Feel free to correct me... This is for Educational purpose only
Fortis Healthcare - MultiYear BreakoutAll trade ideas provided are the opinions of the publisher and should not in any way be considered as financial advice. Please do your own research and consult your advisor before investing in stock markets.
FORTISNote:
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...
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3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
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Keep an eye ladies and gentlemen. Cheers and Happy Trading
FORTIS 1. On WEEKLY/DAILY time frame it is clearly an UPTREND
2. Currently its in RETRACEMENT MOVE.
3. RETRACEMENT MOVE got rejected at 61% FIB
4. At 61% FIB :- Previous RESISTANCE becomes SUPPORT
5. Aslo BULLISH PENANT pattern can be observed
Thus a breakout either of PEANANT PATTERN or 51%FIB or takings SUPPORT either at 50%FIB or 61%FIB would be a good sign of going LONG.
Long in FortisThis scrip is in an uptrend since its listing by making HH and HL, recently it had a multi-year breakout from the channel pattern and now it had restested it and bounced back from it. Swing traders may consider to long this scrip and i expect a good rally from this scrip in coming days, there may be small pullback but I'm bullish about for a longer term.
FORTIS Swing Trade Idea#FORTIS - Swing buy at 276 for 292 with SL below 271. Some patience-testing might happen around 280 level. #=R:R 1:2.8 #Swing #Positional
FORTIS has broken the resistanceI 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
FORTIS symmetrical triangle breakout and retest It can become extremely bearish below 275.First target can be 265
Fortis can boom anytime-taking support
-forming a triangle pattern
-positive technicals and in uptrend
-Healthcare sector stock,nothing to loose.
