FORTIS | TECHNO-FUNDA ANALYSIS

Fortis Healthcare Ltd – 1D

Trend: Fortis is maintaining a strong bullish structure, with consistent higher highs and higher lows. After a fresh breakout around ₹1,036, the stock retested the support zone near ₹1,000 and bounced, showing strength for a possible continuation. Support & Resistance Levels: Previous Breakout: ₹814 SR Flip Support: ₹983 Fresh Breakout Level: ₹1,036 Immediate Resistance: ₹1,105 Fundamentals (Key Points): 🏥 One of India’s leading private hospital chains with solid brand value. 💹 Consistent revenue and profit growth supported by strong margins. 📈 Growing patient base and operational efficiency post-acquisition restructuring. ⚙️ Expanding network with strong presence in key metro cities. ⚠️ Short-term overextension possible after sharp rally; partial booking advisable. Final Verdict: Bullish — Sustaining above ₹1,036 indicates strength; can move toward ₹1,105+ while maintaining support near ₹983.