#FORTIS - failing knifeWatchout for weekly closing could sustain 150 or above if failed then watchout for monthly closing failing below 150 then if 136 couldn't help then ---> 123 or 104 had to rescue himShortby SunilDhawan3
FORTIS HLTH : Agressive Traders only..!Today Fortis Heath has formed a Inside Bar in a Falling Market with Huge Volumes. It looks like Fortis Health has build a Base at 142.15 levels or so. Yesterday it checked those levels where it has found support on 5 times earlier. Hence it is a strong support & expected to hold. We can buy at 150 levels and look initially for targets of 155/160/164. I suggest taking profits once it starts approaching its Tangent Resistance Levels. Thereon we can close multiday positions & trade intraday if the market say's so. Please note that Option Traders are not suggested even though they may give Bountyful returns due to approaching expiry. Longby rahul.u.bhagwat1
Fortis buy It near lower Bollinger band in weekly chart and volumes are low Call it fibonacci retracement or whatever its a buy for me Its currently below 365 days moving average and seems oversold it will bounce soon According to previous pattern it says it bounces if it goes marginally below 365 EMA Target 1) 175 2) 185 SL- 157 Longby aakashc30
FORTIS BREAKOUT LONG TERM RESISTANCE FORTIS price chart given a long term resistance break out near 200, one can add on dips for target 300 by keeping stop loss below 205.Longby santhu404Updated 1
Fortis- Positional buyFortis has broken out of rectangular channel in the weekly charts a few weeks back with good volumes. It is re testing the breakout levels. It is good entry at CMP 209, with SL of 199, Target 230, 250Longby getsetradeUpdated 222
Expecting bounce from supportGo long FORTIS for target of 210, 215, 220. SL 203.Longby Trade-Wealth553
A break-out again...!! Surely a 30% return could be minted..Fortis has given a break-out already. im a bit late in spotting it, but nevertheless still didnt miss the bus. Well look at the MACD beautifully crossover ; RSI at comfortable zone still has some steam left. CMP 204; stop 175; Target 235/250.( 1.5/2 months)Longby Rajarshita_RSUpdated 2211
Beauty of Trend Lines in Fortis Healthcare.Fortis Healthcare has moved higher to its record high of 205 with heavy volume. In past one month, the stock outperformed the market after media report suggested that the promoters are looking to divest their stake.Longby dhruvrajpal1414110
short the stockas we can the evening star pattern at the very top and the bearish divergence there and doji there gives a lot of indecision there Shortby tanuj0
Fortis Healthcare: A zoomed-in ViewI just aired my thoughts based on the daily chart, a little while ago. I asked the question, what next, in that chart. The zoomed-in view in the lower time frame is just an exercise to look at a few scenarios. IF the price takes support at one of the green lines AND manages to clear the magenta resistance lines, it would be a strong clue that an upside range breakout might happen. If you want to play it safe, then by all means, wait for a breakout and close past 200 and then decide what to do. For those wanting to do some live chart watching / learning, pay attention to what price does at the lines displayed in this 15-min chartby techtrail2
Fortis Healthcare: Price Stalls At Resistance, What Next?Price has been stuck in the broad range of 148-200, captured by the green zone. The recent rally off the green support line represents a higher low within the context of the trading range. If price manages to bounce off the intra-day support at 172-178 range, then I would get interested in the stock. The real clincher would however be a strong breakout & close past today's high of 188. That would strengthen the case for an eventual breakout above the trading range high of 200. A successful breakout & retest of the upper end of the range would suggest that the multi-month accumulation is complete. If the stock breaks below 148 (lower end of the range) then it would push the stock into a bearish phase. But, that is not my preferred outcome. by techtrail2