IIFL is bullish on Fortis Healthcare and has recommended buy rating on the stock with a target of Rs 173 in its July 13, 2011 research report.
“Fortis Healthcare (on the daily chart) has given an upside breakout, considered to be an important bullish signal. The stock is poised for further gains in the next few trading sessions. The undertone is reasonably strong and is likely to push price higher. After consolidating in the range of Rs 160-165 for last five trading sessions, the stock closed above the peak of its trading range of Rs 640 last week. The upside breakout is well accompanied with decent volumes. Based on above mentioned technical evidences, we recommend traders to buy the stock above Rs 167 with stop loss of Rs 164 for target of Rs 173,” says IIFL research report
Source:moneycontrol.com
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