We can clearly see a great support level at 130. despite some nominal resistance at 137, with strong fundamentals and trade average of 132. It is expected to make a reversal in current trend and reach the level of 137 this week. The average buying levels should be between 130-132 and targets can be at 136-140.
As sustained above 132 resistance zone. Going long for target of 150 is a good idea.
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After making couple of higher high's and Higher Low's now it has failed to sustain and broke the trend line also
, if it will open negative it could be turned out as good stock for shorting today.
Feb-20: The stock seems to have factored the bad news, significant volume accumulation at these levels.
Fundamentally the stock is trading at a massive discount compared to peers in the sector.
Fortis Healthcare has a good support around 141 levels, it saw a great buying volume as it dropped to 141 levels. Now it is dropping back again to 141 levels which i think would be a good time to go long on it.
