FORTIS trade ideas
Good setup as Price Start Moving UpwardRSI+ Strength on chart with price looking good now follow the Sl & plan the Trade, Happy trading.
keep in radar . may go upto 360. Fortis Healthcare (FHL) incorporated in 1996 is engaged in running chain of hospitals. FHL started its hospital operations in 2001 through its flagship Mohali Hospital. Fortis Healthcare Limited is a leading integrated healthcare delivery service provider in India. The healthcare verticals of the company primarily comprise hospitals, diagnostics and day care specialty facilities.
On November 13, 2018, IHH Healthcare Berhad, Malaysia acquired 31.10% stake in the Company and appointed majority of board of directors, thereby, becoming the controlling shareholder of the Company.
Business area of the company
The company is a leading integrated healthcare delivery service provider. The Company is primarily engaged in the business of healthcare services. The Company holds interests in its subsidiaries, associates and joint ventures which manages and operates a network of multi-specialty hospitals and diagnostics centres.
Forties Healthcare Key Levels1- This stock touched its resistance and came back
2- Look for the breakout if it cross Rs 180 levels then go long .
3- Otherwise it will go down to the support area....
R-0221 Cash Buy FORTIS @136.85-137.55 SL 134.2 TGT 144Cash Buy FORTIS @136.85-137.55 SL 134.2 TGT 144
Above VWAP + TK cross over + MACD cross over + Pivot break out of 134.5 GO LONG
Bullish run expected We can clearly see a great support level at 130. despite some nominal resistance at 137, with strong fundamentals and trade average of 132. It is expected to make a reversal in current trend and reach the level of 137 this week. The average buying levels should be between 130-132 and targets can be at 136-140.
FORTIS: Sustained above support zone. Go LongAs sustained above 132 resistance zone. Going long for target of 150 is a good idea.
Experts opinion on this is welcomed. Trade at your own risk. Donate as part of appreciation. :) Thank You.
fortis in a channel...watchout tomorrowfortis on the edge of channel....check out market direction tommorow and take a trade accordingly. Good Luck !!
After making plenty higher high's now its reverse #NiftyAfter making couple of higher high's and Higher Low's now it has failed to sustain and broke the trend line also
, if it will open negative it could be turned out as good stock for shorting today.
