FORTISNSE:FORTIS
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FORTIS trade ideas
FORTIS..NSE:FORTIS
Please note that we are not a SEBI Registered Investor Adviser/PMS/ Broking House.
All the contents over here are for educational purposes only and are not investment advice or recommendations
offered to any person(s) with respect to the purchase or sale of the stocks / futures and options.
You are also requested to apply your prudence and consult your advisers in case you choose to act on
any such content available as WE claims no responsibilities for any of your actions or any outcome of
such action
FORTIS - Strong momentumFORTIS - Consolidating from past couple of weeks - seen good upside with huge volumes.
Finally able to move above price Rejection Zone. Currently above 50/100/200 EMA and also above monthly CPR area.
Good volumes - possible upside -- add to watch list.
Please do own research before taking trade
Fortis - Fresh breakout with huge volume in weekly TFWith more than 17% of move in this week fortis made a clear breakout with huge volume in trending channel pattern.
As the difference between technical SL and CMP is more than 20%, we can expect more than 40% of up move in this stock or even more in longer term.
View negative below 223.
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.
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.