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.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.