Fortis Healthcare: A zoomed-in View
I just aired my thoughts based on the daily chart, a little while ago. I asked the question, what next, in that chart. The zoomed-in view in the lower time frame is just an exercise to look at a few scenarios.
IF the price takes support at one of the green lines AND manages to clear the magenta resistance lines, it would be a strong clue that an upside range breakout might happen.
If you want to play it safe, then by all means, wait for a breakout and close past 200 and then decide what to do. For those wanting to do some live chart watching / learning, pay attention to what price does at the lines displayed in this 15-min chart
IF the price takes support at one of the green lines AND manages to clear the magenta resistance lines, it would be a strong clue that an upside range breakout might happen.
If you want to play it safe, then by all means, wait for a breakout and close past 200 and then decide what to do. For those wanting to do some live chart watching / learning, pay attention to what price does at the lines displayed in this 15-min chart
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