Fortis fresh breakout and retest, ready for up-move
pull back is strong and one need to closely watch of losing bear strength near 140 level Sl compulsory
Fortis - has a classical cup and handle breakout
Cash Buy FORTIS @136.85-137.55 SL 134.2 TGT 144 Above VWAP + TK cross over + MACD cross over + Pivot break out of 134.5 GO LONG
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. Experts opinion on this is welcomed. Trade at your own risk. Donate as part of appreciation. :) Thank You.
fortis on the edge of channel....check out market direction tommorow and take a trade accordingly. Good Luck !!
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.