Stock Name - Fortis Healthcare Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at CMP
and more bullishness AFTER it cross the 280.
#This is not Buy and Sell recommendation to any one. This is for education purpose and a...
Here one candle representing 1 hr OHLC data ,
1) Daily Support is near 232
2) Head and shoulder pattern
3) Neckline is good
We can expect an up Move from here till the next resistance zone.
NSE:FORTIS
it is hovering between 230-300 levels
it has taken support 3 times already from 220-230 levels.
it is coming toward support level again so we should initiate buy entry here.
Expecting target should be roof or 300 level.
SL should be below the support zone, wicks are just noise so SL is below the wicks zone.
It is for those traders who take entry...
Fortis is forming the VCP near the level marked with the red line.
It is currently forming 3rd contraction and at the trendline support.
The volumes are dried along with the reduced depth of each contraction.
On a daily time, Fortis appears to be trading near its all-time high of 308. The stock is also creating a cup and handle pattern, and a breakthrough over resistance might lead to a strong surge.
