The stock of Fortis Healthcare has been in a steady uptrend since early April. The uptrend began on the back of the support at ₹580. While there was some price correction towards the end of August, it has now started to see a recovery on the back of the 21-day moving average support.
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The price action indicates that the uptrend has resumed after some moderation and the probability of a rally from the current level is high. On the upside, the stock has the potential to appreciate towards ₹1,100. Therefore, participants can buy the stock at ₹950 and accumulate at ₹920. Place stop-loss at ₹890. When the price hits ₹1,020, revise the stop-loss to ₹980. Tighten the stop-loss to ₹1,050 when the stock touches ₹1,075. Book profits at ₹1,100.
(Note: The recommendations are based on technical analysis. There is a risk of loss in trading.)
Published on September 5, 2025
