SWING IDEA - FORTIS HEALTHCARE

2024년 5월 4일

Fortis 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

2024년 5월 8일

노트

Price retested to 450 levels and is now breaking out forming a bullish engulfing candle

2024년 5월 27일

노트

we can add some quatity here

2024년 5월 31일

노트

price action building up, hold!

2024년 6월 16일

거래청산: 타겟 닿음

1st target achieved : 12%++

2024년 6월 23일

노트

daily close above 500 will trigger further upmove

2024년 6월 28일

노트

undergoing accumulation

2024년 7월 13일

노트

HOLD!

2024년 7월 25일

노트

all time high close, hold!

2024년 7월 28일

거래청산: 타겟 닿음

2nd target achieved : 17%++

2024년 8월 17일

노트

made a new all time high
Achieved 19%++

2024년 8월 23일

노트

made a high of 24%++

2024년 9월 15일

노트

made a high of 30%++

2024년 9월 21일

노트

made a high of 37%++

2024년 11월 2일

노트

Achieved 42%++

2024년 11월 13일

노트

made a new all time high of 45%++

2024년 11월 21일

노트

Achieved 52%++

2024년 12월 4일

노트

Achieved 63%++

2024년 12월 6일

노트

new all time high daily close