Fortis: Channel Breakout Above 750 – ATH Level

Details:
Asset: Fortis Healthcare Ltd (FORTIS)

Breakout Level: 750

Potential Targets: 800, 850, 900

Stop Loss: Below 735 or as per risk management

Timeframe: Medium-term

Rationale: Fortis has broken out of a long-term channel above 750 and is trading at an all-time high (ATH), indicating strong bullish momentum and institutional interest.

Market Analysis:
Technical Setup: Channel breakout at ATH is a strong signal of continuation.

Sector Outlook: Positive sentiment in the hospital and healthcare space due to rising demand and expansion in private healthcare.

Risk Management:
Use stop loss below 735 to protect against reversal.

Timeframe:
Medium-term move expected with sustained bullish momentum.

Risk-Reward Ratio:
Strong breakout at ATH offers high potential with limited downside.

Sustained volume above 750 can trigger rapid upside movement.