Fortis Healthcare – Falling Wedge Breakout Attempt (Daily Chart)

📊 Fortis Healthcare – Falling Wedge Breakout Attempt (Daily Chart) After a prolonged corrective phase inside a descending channel, the stock has formed a Falling Wedge pattern near the lower Bollinger Band — often a bullish reversal structure. 🔎 Technical Observations: Clear falling wedge formation near ₹820–₹840 demand zone Strong bullish candle with momentum expansion Price reclaiming short-term moving average RSI pushing above 60 → strengthening momentum MACD showing bullish crossover 🔑 Key Levels to Watch: Immediate Resistance: ₹950–₹970 Major Breakout Level: ₹980–₹1,000 Immediate Support: ₹880 Strong Support: ₹820 🚀 Sustained breakout above ₹1,000 can open upside towards: ₹1,080 ₹1,120 (swing target zone) Structure suggests early signs of trend reversal, but confirmation above resistance is crucial. ⚠️ For educational purposes only. Not a buy/sell recommendation. — AALGO BREATHS