FORTIS trade ideas
Multi year & rounding bottom breakout 1. Multi year breakout with good volume on weekly chart
2. Rounding bottom breakout
Fortis Healthcare Long term breakout Fortis Healthcare has given breakout on daily chart from its last all time high made in 2017.
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 on the moveSector rotation in the works, metal is going to be cooled, healthcare to start moving up. money flowing into healthcare names.
Which platform to screen for relative performance of a stock to its sector? Any screeners available for finding leadership in a sector. TIA/
More higher possibleBreak out
RSI 60+
Made new high with (4X) higher volume.
SL 210 trg 242 LTP 223.9
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 HEALTHCARE AT A VERY BULLISH LEVELI am analyzing this stock for the past 3 months and analyzed it with great accuracy. Many chart and trend patterns show clear that it is at very bullish support.
The immediate target should be 205.5.
Once it crosses 206.5, the Next target should be 215.
After that also, it can go very long and can show levels of 230. It's a mixture of fundamental as well as technical analysis.
FORTIS | Breakout with retracement excellent risk reward - 32%FORTIS | Excellent breakout after 183 weeks of consolidation - Now retraced little bit heavily towards the breakout zone.
CMP : 166
SL : 155
Target : 220
1:5+ risk reward setup.
Fortis Healthcare Limited Head and shoulder on weekly TFFortis Healthcare Limited Head and shoulder on weekly TF.
Note: This is only for educational purpose
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.
FORTISAs price has formed a Symmetrical triangle and the breakout has taken place with a big bullish candle the price is falling and may retest and might move upwards.. "EDUCATIONAL PURPOSE"..
fortis healthcarethe stock is trading in an uptrending channel n right after base formation gave a good brkout
