FORTIS trade ideas
Darvas Box Strategy - Break out Stock - Swing TradeDisclaimer: I am Not SEBI Registered adviser, please take advise from your financial adviser before investing in any stocks. Idea here shared is for education purpose only.
Stock has given break out. Buy above high. Keep this stock in watch list.
Buy above the High and do not forget to keep stop loss, best suitable for swing trading.
Target and Stop loss Shown on Chart. Risk to Reward Ratio/ Target Ratio 1:2
Stop loss can be Trail when it make new box / Swing.
Be Discipline, because discipline is the key to Success in Stock Market.
Trade what you See Not what you Think.
FORTIS S/R Support and Resistance Levels:
Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline.
Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down.
Breakouts:
Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold.
Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying.
20 EMA (Exponential Moving Average):
Above 20 EMA(50 EMA): If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum.
Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum.
Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set.
Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward.
Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop.
RSI: RSI readings greater than the 70 level are overbought territory, and RSI readings lower than the 30 level are considered oversold territory.
Combining RSI with Support and Resistance:
Support Level: This is a price level where a stock tends to find buying interest, preventing it from falling further. If RSI is showing an oversold condition (below 30) and the price is near or at a strong support level, it could be a good buy signal.
Resistance Level: This is a price level where a stock tends to find selling interest, preventing it from rising further. If RSI is showing an overbought condition (above 70) and the price is near or at a strong resistance level, it could be a signal to sell or short the asset.
Disclaimer:
I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
Fortis - ATH Breakout !This idea builds on our previous analysis, which you can review here:
● The chart says it all! 🚀
● We've got a beautiful All Time High breakout 💥
● The breakout candle is strong with high volume 📈
● Plus, it marks a solid close above the 500 mark 🔥
● Definitely a stock to keep on your radar! 👀
⚠️Disclaimer: We are not registered advisors. The views expressed here are merely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. Like everybody else, we too can be wrong at times ✌🏻
Darvas Box Breakout 13.08.2024Darvas Breakout - As per Darvas Breakout theory stock has given break out keep under watch list
I am not a Sebi registered adviser.
This Idea is publish purely for educational purpose only before investing in any stocks please take advise from your financial adviser.
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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@visionary.growth.insights
Fortis : 3 month rangeThe chart is pretty self-explanatory as always :)
If you'd like to request an educational analysis, simply send us 100 coins as a token, and we'll be happy to post one for you.
⚠️Disclaimer: We are not registered advisors. The views expressed here are merely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. Like everybody else, we too can be wrong at times ✌🏻
FORTISNSE:FORTIS
One Can Enter Now ! Or Wait for Retest of the Trendline (BO) Or wait For better R:R ratio
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
FORTIS Swing long For educational purposes only
Enter a long position when the price closes above 471. Set the stop loss at 433.90.
This is not a buy/sell recommendation.
lapu star breakoutA cup and handle price pattern on a security's price chart is a technical indicator that resembles a cup with a handle, where the cup is in the shape of a "u" and the handle has a slight downward drift.
The cup and handle is considered a bullish signal, with the right-hand side of the pattern typically experiencing lower trading volume. The pattern's formation may be as short as seven weeks or as long as 65 weeks.
lapu star breakoutA cup and handle price pattern on a security's price chart is a technical indicator that resembles a cup with a handle, where the cup is in the shape of a "u" and the handle has a slight downward drift.
The cup and handle is considered a bullish signal, with the right-hand side of the pattern typically experiencing lower trading volume. The pattern's formation may be as short as seven weeks or as long as 65 weeks.
@FORTIS Swing/short Term TradeRisky Entry Above : @ 422
Normal Entry Above : @ 425
SL Below : @ 408
Targets : @ 430 ,@ 445 ,@ 448 ,@ 452 ,@ 473
If you want minimize risks After Entry put @SL at last Higher-Low(HL) or follow trend line as SL or Trailing-SL.
Plz Note : This levels are only for Swing Trade & Disclaimer : All Information on this page is for educational purposes only , we are not SEBI Registered . Please consult a SEBI Registered financial advisor for your Financial matter before investing & taking any decision. We are not responsible for any profit/loss you made.
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Fortis Fortis looking good for up move it gave an upside breakout. Not a buy or sell recommendation just for educational views.
💥Fortis Healthcare💥-Nice Breakout💥Fortis Healthcare💥-Nice Breakout
Capital to be deployed- 20k
Investing Price -345-355
Breakout Price-344
Stoploss-305
Targets-425-597
RT for max reach
#fortishealthcare #StocksToBuy #stocks #StocksToTrade #StocksInFocus #stockstowatch #StocksInNews
fortis 1w buy cmp target@ 334, 349, 357, 364 ascending trianglefortis 1w buy cmp target@ 334, 349, 357, 364
ascending triangle breakout
risk reward 1:2
sl@278.50
FORTIS trade inside the rising wedge On the chart we can see a rising wedge. We expect that the price will retest the upsloping support trendline which would be our entry in long position.
We expect the price to go higher and eventually retest the upper boundary of the rising wedge.
Invalidation of this thesis would be if the price breaks and closes below the upsloping support line.
Fortis hospital Fortis hospital after a many failed breakout stock is sustaining the breakout with good volume considerably now for swing trade but above 335 with sl of 325-323
Tgt 1:1 atleast
Long term tgt of 450 525
Ask your financial advisor before buying
Only for educational purposes
FORTISNSE:FORTIS
One Can Enter Now ! Or Wait for Retest of the Trendline (BO) Or wait For better R:R ratio
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
stock out of consolidation zonestock out of consolidation zone if closes above the zone stock looks very bullish in long run
Fortis Healthcare Ltd
- break out after 675 Days of consolidation
- Targets as per fibonocci
- Stop Loss - 270
Market Cap
₹ 23,419 Cr.
Current Price
₹ 310
High / Low
₹ 325 / 220
Stock P/E
43.7
Book Value
₹ 95.9
Dividend Yield
0.00 %
ROCE
11.1 %
ROE
7.98 %
Face Value
₹ 10.0
Promoter holding
31.2 %
EPS last year
₹ 7.80
EPS latest quarter
₹ 1.76
Debt
₹ 926 Cr.
Pledged percentage
0.00 %
Net CF
₹ -22.7 Cr.
Price to Cash Flow
28.5
Free Cash Flow
₹ 381 Cr.
Debt to equity
0.13
OPM last year
17.5 %
OPM 5Year
13.6 %
Reserves
₹ 6,487 Cr.
Price to book value
3.23
Int Coverage
6.73
PEG Ratio
1.04
Trendline in Fortis HealthOver the past few months, a trendline is forming in Fortis Health which looks interesting to observe how it unfolds. If able to sustain above 272, may see a good run.
WITH LIMITED SL as per your risk and reward
