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**
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.