Monthly Choice :- Buy Fortis Ltd for Target Rs.892 by Choice Broking Ltd
Fortis Ltd
Buy FORTIS @ 794 with a Target of 892 and a Stop Loss at 745
FORTIS is witnessing buying interest near its previous weekly swing-high breakout zone, with the weekly candle showing signs of support and a potential rebound. After peaking around Rs1,100 in late 2025, the stock underwent a significant correction and has now approached a crucial horizontal demand zone of Rs 750. This zone presents an important support base for stabilization and a potential recovery towards higher levels.
The momentum indicator also signals the possibility of a recovery, with the Relative Strength Index (RSI) at 31.71, nearing the oversold territory. The RSI level, combined with the stock's proximity to the crucial demand zone, indicates scope for a technical rebound as buying interest improves. Sustaining this support zone could pave the way for an upside towards Rs892. For positional traders, FORTIS can be considered around Rs794, with a stop-loss at Rs 745.
The stock is showing signs of stabilisation near the crucial Rs750 demand zone, and sustained buying interest from this support area could drive a recovery towards the Rs 892 target
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