1. On WEEKLY/DAILY time frame it is clearly an UPTREND 2. Currently its in RETRACEMENT MOVE. 3. RETRACEMENT MOVE got rejected at 61% FIB 4. At 61% FIB :- Previous RESISTANCE becomes SUPPORT 5. Aslo BULLISH PENANT pattern can be observed Thus a breakout either of PEANANT PATTERN or 51%FIB or takings SUPPORT either at 50%FIB or 61%FIB would be a good sign of...
This scrip is in an uptrend since its listing by making HH and HL, recently it had a multi-year breakout from the channel pattern and now it had restested it and bounced back from it. Swing traders may consider to long this scrip and i expect a good rally from this scrip in coming days, there may be small pullback but I'm bullish about for a longer term.
#FORTIS - Swing buy at 276 for 292 with SL below 271. Some patience-testing might happen around 280 level. #=R:R 1:2.8 #Swing #Positional
I will look at buying FORTIS because : It has broken the Resistance. Its back to its resistance and we can see big move upwards soon Entry : 232 Target : 300+ Stop loss : 211
Buy @ 275 Stoploss 255 1st target 285 2nd target 310 LONG LONG LONG
it is not in support zone with the stop loss of 5%
It can become extremely bearish below 275.First target can be 265
-taking support -forming a triangle pattern -positive technicals and in uptrend -Healthcare sector stock,nothing to loose.
fortis chart analysis for intraday and swing trading
Buying strategy Buy above consolidation and enjoy the bull run. Based on 7 phases on stock run.
This script has broken its resistance line with huge volume ,it was in the channel region for almost 12 years finally it had broken out of the resistance ,it seems to be a nice breakout.
Chart Structure: - Price came out of Darvas Box consolidation on 17th August. - Consolidation was happening from May to August. - After the Range breakout, the price took a little pullback. Volume & Deliveries: - During the consolidation phase, many days with positive volume activities were witnessed. - Average Deliveries were 10.79 lac shares per day before...
Good morning frineds please see video for details. stock is for investment. Regards.
After a good consolidation it gave a breakout of channel on weekly time Frame. Stock was working in a channel from a veryy lonv time so can move really good. The longer the pattern the faster the move It gave breakout on weekly time Frame so one should buy it for medium to long term if you want to capture all target Target is around 350-370
Details given in the chart. Monthly TL + Horizontal resistance BO
FORTIS: Looking Good Flag Pattern Breakout Sustaining/Closing Above 255
fortis chart analysis for intraday and swing trading
Good breakout Expected target 1: 276.55 target 2: 308.35.cmp is 262.8