FORTIS trade ideas
$FORTIS test of selling climax?Fotis Healthcare seems to have performed a test of a the huge selling climax bar, after the BIG fall that came a few days ago we haven't really had any considerable follow through below the low of the that bar, and on Wednesday the stock went below 125.55 it's 52-week low on high volumes but small range indicating that someone was accumulating the stock. In my view the stock once is above 142, longs could be created with SL at 124 on closing basis.
FORTIS - Good Pick for coming QuarterFortis has been consolidating for quite some time but chart setup showing that consolidation phase is soon going to end and it may give upside breakout.
Buy with SL 140, once breaks out 150 then can easily reach 165-170 and beyond
FORTIS BreakoutFORTIS_ has been testing the brown level for a coupe of months now. making arcs.
its back in th testing zone, waiting for a reversal or a breakout.
Crossed the trendline resistance, Buy @ 153-156 SL 143 Trgt OpenCrossed the trendline resistance, Buy @ 153-156 SL 143 Trgt Open
Fortis is a buy for tgt of 151 FORTIS is a buy for tgt of 151 , bounced from PRZ with rich volumes and made hammer candlestick.
Fortis Healthcare:141 is the crucial price level, supp: 116Fortis' Healthcare:141 is the crucial price level, below that is can meet 116 or more down.
A hammer candle in daily close may bring some pull back towards 160 seems to be a safe exit.
Long Fortis Healthcare at 165 for a target of 200Fortis has formed support at 140 levels and sustained it. Buy fortis at 165 for a target of 200 and more. holding period could be 3-6 months. keep sl at 140.
FORTISIf goes below todays low may retouch next support at 152 or even 148 . SL above 162. Time three four days
Good bounce from strong support - FortisStrong support at 142 and the price got good bounce from the support, it happens many times in EOD. On here fortis looking good for short term or swing trade. Wait until to break the trend line. The levels of 155 to 165 is range formation and at present trend is not giving strength to pull up.
Trade:
Buy above - 165
Target 1 - 175
Target 2 - 185
Stoploss - 155
#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 him
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.
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
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.
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, 250
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)
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.
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
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 chart
