Fortis seems strong Breakout attractive for long term and swing
Go long in the range b/w 295 - 305 ; Stop. 264.60; Tg. 421.50.
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.
Positional Pick Healthcare stocks are expected to do good in near as well as long terms.
Watchout for Resistance Breakout above 310 levels looks good swing also
Suggestions are based on my analysis only. Please do your analysis before taking any trade.
As we cab see there was a break down failure because there was 50 SMA acting as support. After short moves price is again at 50 SMA. We can expect bullish movement
BUY 289-290.50 T1 300 T2 320 SL 279-DKM SIR buy as per your risk we close our position when stock close below 280 i can see the upmove
It has broken out of previous resistance with good volumes.
Buy on dips in the range of around 250 to 260 with target of T1: 290 T2: 305 and SL of 230.
Fortis looks good for a good swing trade. It has formed Bullish Gartley Harmonic Pattern. Long above 248 T1 264.80 T2 274.30 SL 233.65
Entry Price = 256.7 Stop Loss = 232.7 Target = 280.30 For Education Purpose Only
With the Strong Quarterly Results Reported by Fortis on 12 Nov 2021. Fortis will be Trending and once it breaks out 273 levels the Stock may face resistance at 281 levels then at 300-304 levels where there might be some Profit Booking. If the Stock Close Above 304 and sustains for more than a week then the Stock may see further upside till 350 - 360 levels....
Entry forecast for long Duration next 3 months Bullish kicker zone for entry at 240 levels SL compulsory Any pin bar with low volume at these levels are good buy opportunity Small SL of 2% from 240 levels upside potential of 10%
fortis chart analysis for intraday and swing trading
Triangle pattern and bullish MACD crossover in Fortis Healthcare Limited
🔴DISCLAIMER ***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ****** Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have...
Fortis :: LONG Buildup Low Risk ------------------------------------- -- Buy at Current Levels 255 - 265 -- Initial S/L 245 for ST Traders ( 232 for LT) -- Add more when price sustains or retraces to FIB levels above.. -- Trail S/L using FIB Levels or SuperTrend indicator Reasons for increased probability:: ---------------------------------------------- --...