Fortishlth
SWING IDEA - FORTIS HEALTHCAREFortis Healthcare , a leading Indian healthcare provider, presents a compelling opportunity for swing trading.
Reasons are listed below :
Breakout from Key Resistance Zone : The 450 level has acted as a strong resistance, being tested multiple times. The price is now breaking out of this zone, indicating strong upward momentum.
Bullish Engulfing Candle on Daily Timeframe : The recent daily candle engulfed the previous 7 daily candles, signaling a significant shift toward bullish sentiment and indicating potential for further upward movement.
Breaking 4-Month Consolidation Phase : The stock has broken out of a consolidation phase that lasted over 4 months, suggesting a new bullish trend might be forming.
Bounce from Golden Fibonacci Zone : The price retraced to the 0.618 Fibonacci retracement level and bounced back, indicating strong support and reinforcing the potential for a continued bullish trend.
Trading Above 50 and 200 EMA on Daily Timeframe : Fortis Healthcare is trading above both the 50-day and 200-day exponential moving averages, a strong indicator of a sustained uptrend.
Trading at All-Time High : The stock is currently at its all-time high, suggesting strong market interest and potential for further growth. However, caution is advised as all-time highs can also attract profit-taking or indicate overbought conditions.
Target - 500 // 525
Stoploss - daily close below 420
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Fortis Healthcare Ltd FORTIS ~ Swing trades 310, 335, 370Fortis Healthcare Ltd FORTIS
Fortis look very bullish this time..I think fortis in coming days touch 310, 335, 370 level easily
Best share time for swing trade.
Try took one long position from here For #Swing.. with 20-25 Sl
FORTIS HLTH INDIA LIMITED. BEST INTRADAY STOCK TO TRADE.It is a intraday trading idea. Based on support resistance zone .
