Fortis Healthcare, a leading Indian healthcare provider, presents a compelling opportunity for swing trading.
Reasons are listed below :
Target - 500 // 525
Stoploss - daily close below 420
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
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
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
Bình luận:
Price retested to 450 levels and is now breaking out forming a bullish engulfing candle
Bình luận:
we can add some quatity here
Bình luận:
price action building up, hold!
Đóng lệnh: đạt mục tiêu:
1st target achieved : 12%++