Here’s the **technical analysis** for **Fortis Healthcare (FORTIS)**
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### 📝 **Technical Analysis – Fortis Healthcare (Daily Timeframe)**
**Date:** May 28, 2025
**Pattern Identified:** ✅ *Cup and Handle Breakout*
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### 1. **Chart Pattern Overview**
* A well-formed **Cup and Handle** pattern is visible.
* The breakout level was **₹700**, and price is currently trading at **₹710.60**, confirming the breakout with a retest.
* The structure is bullish, suggesting **continuation of the uptrend**.
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### 2. **Volume Analysis**
* Significant volume spike during the breakout phase above ₹700.
* Volume continues to remain strong, confirming **buyers' dominance** and **breakout strength**.
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### 3. **Price Action Insights**
* Clean breakout from multi-month resistance zone of ₹700.
* Price is consolidating just above breakout level — indicates **healthy retest**.
* Next key level to watch: ₹744.50 (recent swing high).
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### 4. **Target Projection**
* **Cup Depth**: ₹124
* **Breakout Point**: ₹700
* **Target Price** = ₹700 + ₹124 = **₹825**
➤ Potential upside: **+16%** from current levels
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### 5. **Support & Stop-loss**
* **Immediate Support**: ₹700 (breakout level)
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### 6. **Trend & Sentiment**
* The breakout has flipped the sentiment **strongly bullish**.
* Uptrend resumption is supported by price structure and volume confirmation.
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### ✅ **Conclusion**
* **Pattern**: Cup and Handle
* **Breakout Level**: ₹700
* **Current Price**: ₹710.60
* **Target**: ₹825
* **Stop-loss**: ₹700 range
* **Action**: **Buy on dips / retest confirmation**
---
### 📝 **Technical Analysis – Fortis Healthcare (Daily Timeframe)**
**Date:** May 28, 2025
**Pattern Identified:** ✅ *Cup and Handle Breakout*
---
### 1. **Chart Pattern Overview**
* A well-formed **Cup and Handle** pattern is visible.
* The breakout level was **₹700**, and price is currently trading at **₹710.60**, confirming the breakout with a retest.
* The structure is bullish, suggesting **continuation of the uptrend**.
---
### 2. **Volume Analysis**
* Significant volume spike during the breakout phase above ₹700.
* Volume continues to remain strong, confirming **buyers' dominance** and **breakout strength**.
---
### 3. **Price Action Insights**
* Clean breakout from multi-month resistance zone of ₹700.
* Price is consolidating just above breakout level — indicates **healthy retest**.
* Next key level to watch: ₹744.50 (recent swing high).
---
### 4. **Target Projection**
* **Cup Depth**: ₹124
* **Breakout Point**: ₹700
* **Target Price** = ₹700 + ₹124 = **₹825**
➤ Potential upside: **+16%** from current levels
---
### 5. **Support & Stop-loss**
* **Immediate Support**: ₹700 (breakout level)
---
### 6. **Trend & Sentiment**
* The breakout has flipped the sentiment **strongly bullish**.
* Uptrend resumption is supported by price structure and volume confirmation.
---
### ✅ **Conclusion**
* **Pattern**: Cup and Handle
* **Breakout Level**: ₹700
* **Current Price**: ₹710.60
* **Target**: ₹825
* **Stop-loss**: ₹700 range
* **Action**: **Buy on dips / retest confirmation**
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Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.