Fortis Healthcare Stock Outlook: Strong Recovery in Progress
Technical Analysis & Trading Strategy
Fortis Healthcare has been in a steady uptrend since early April, supported at ₹580. Though the stock saw a minor correction towards the end of August, it has now regained momentum with support from the 21-day moving average. Current price action suggests the uptrend is resuming, offering a high probability of a rally.
Recommended strategy:
- Buy at ₹950 and accumulate at ₹920
- Initial stop-loss: ₹890
- Revise stop-loss to ₹980 when price hits ₹1,020
- Tighten stop-loss to ₹1,050 at ₹1,075
- Book profits at ₹1,100
About Fortis Healthcare
Fortis Healthcare is a leading integrated healthcare delivery service provider in India. The company operates hospitals, diagnostics, and day-care specialty centers, serving patients across multiple cities. Known for high-quality patient care and advanced medical infrastructure, Fortis has established a strong presence in the Indian healthcare sector.
Investor Takeaway
The stock shows strong technical support and has high potential for an upside move towards ₹1,100. Investors can consider entering at ₹950 and look to accumulate at lower support levels. Progressive stop-loss management ensures risk mitigation while participating in the rally.
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SEBI Disclaimer: The information provided in this post is for informational purposes only and should not be construed as investment advice. Readers must perform their own due diligence and consult a registered investment advisor before making any investment decisions. The views expressed are general in nature and may not suit individual investment objectives or financial situations.
Written by Indian-Share-Tips.com, which is a SEBI Registered Advisory Services
Tags: Fortis Healthcare, Stock Analysis, Buy Recommendation, Technical Analysis, Indian Shares
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