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.
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.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.