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. Longby GauravLB0
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.Longby Raghulramdoss2
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 #PositionalLongby theharshvardhanbiswas0
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 : 211Longby Deepak_dc93Updated 4
FORTS HEALTHBuy @ 275 Stoploss 255 1st target 285 2nd target 310 LONG LONG LONG Longby Dharmendra_Prajapat2
FORTIS symmetrical triangle breakout and retest It can become extremely bearish below 275.First target can be 265Shortby prajwalduggal11
Fortis can boom anytime-taking support -forming a triangle pattern -positive technicals and in uptrend -Healthcare sector stock,nothing to loose. Longby PagalaTrader1
Fortis Health Consolidation & BreakoutBuying strategy Buy above consolidation and enjoy the bull run. Based on 7 phases on stock run.Longby Vinay227Updated 2
FORTIS HEALTH(channel breakout)This script has broken its resistance line with huge volume ,it was in the channel region for almost 12 years finally it had broken out of the resistance ,it seems to be a nice breakout.Longby arunthirumal3
FORTIS looks lood positionallyChart Structure: - Price came out of Darvas Box consolidation on 17th August. - Consolidation was happening from May to August. - After the Range breakout, the price took a little pullback. Volume & Deliveries: - During the consolidation phase, many days with positive volume activities were witnessed. - Average Deliveries were 10.79 lac shares per day before Darvas Breakout. - During breakout the average deliveries per day were 38.60 lac shares. - In total, 7 sessions during the breakout, a total of 2.70 crore shares were delivered. - Out of 2.70 crores, 41.86 lac shares were purchased by The Big Bull (Rakesh Jhunjhnwala) - During the month of July, 19 Mutual Funds have increased their Holdings in Fortis whereas 8 Mutual Funds has decreased their holdings. Relative Strength: - From 8th March, the stock started outperforming Nifty in absolute terms in 6 months TF & from Adaptive RS date 16-Feb 2021 - Since then, the stock is outperforming Nifty as well as the Midcap index. - Stock is outperforming the benchmark index and its sectoral index in 1W, 1M, 3M, 6M, 1Y & 2Y Timeframes. - First Spread chart breakout happened on 18th August & the Second Spread breakout happened today on 27th August. - With its performance in all timeframes and spread breakouts, it is established that the stock is an absolute outperformed, a Tendulkar indeed. Company's Financial Performance: - Fortis's Sales growth QoQ is 13% & 133% YoY - PBT Growth stood at 342% QoQ & 1179% YoY - PAT growth stood at 514% QoQ & 6700% YoY - Overall company has posted super Quarterly numbers. Sectoral Performance: - A breakout happened after a consolidation of 2 months in the Healthcare Index (custom) and the index rose by 19.50% from that point. Another breakout happened recently on 16th August. - Healthcare index is outperforming Nifty & the Midcap index in both short term (55) & long term (123) Other Note-worthy points: - Due to the geopolitical tensions happening due to the Afghanistan situation and due to the fear of the third wave of Covid, the institutional money has been shifting towards defensive sectors, like FMGC, Pharma etc. - In this point, Big Bull has also increased his positions in Fortis, now owning more than 5% of the company. - Due to these sectoral tailwinds and other factors, the stock is expected to perform well. Most of the above-discussed factors look positive in favor of Fortis. The stock giving favorable returns positionally is probable.Longby AmanSaraf4410
STOCK FOR INVESTMENT FORTISGood morning frineds please see video for details. stock is for investment. Regards.Long01:29by GROWINGWEALTHM1
Chanel breaout in fortis hospitalAfter a good consolidation it gave a breakout of channel on weekly time Frame. Stock was working in a channel from a veryy lonv time so can move really good. The longer the pattern the faster the move It gave breakout on weekly time Frame so one should buy it for medium to long term if you want to capture all target Target is around 350-370 Longby Tauqueer1
#2 Fortis - Investment stock monthly TL BODetails given in the chart. Monthly TL + Horizontal resistance BOLongby rambharlia0070
FORTISFORTIS: Looking Good Flag Pattern Breakout Sustaining/Closing Above 255Longby MDTK_TradingVilla1
BreakoutGood breakout Expected target 1: 276.55 target 2: 308.35.cmp is 262.8Longby jayramanequitycall221
doji candelstick & mooving average support best buying price doji candelstick & mooving average support best buying price Longby bankimrana011
Buy FORTIS HEALTHCAREaccording to 1day candle stick chart anylasis today this stock take support from 225 and recover from that. So we can suggest for buying this stock @230 or above and target 240-252-260++ .Buy swing trade. Very good potential for upmove !!Longby babupagal0
#FORTIS CMP236 #Target254 #PMModi #ModiSpeech #Pharma #CNXPharmaDaily Chart #FORTIS NSE: FORTIS Short Term Quick Profit CMP 236 Target : 254 SL : 226 Timeframe < 30 Days Can hold for longer time ITS A BULL MARKET RALLY. Bullish on whole INDIA! Corrections and then higher highs again. 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 SethiaLongby Rachit_SethiaUpdated 1
Fortis intraday trade idea for 3rd August#FORTIS entry and exit levels on the chart (refer black/blue lines). Place SL@0.8% of the entry price. Zones (in pink/orange) are the places where it's unsafe to enter. #INTRADAYby theharshvardhanbiswasUpdated 0