Fortis Healthcare at a Crucial Gann Square of 9 Zone – Is a Major Move Ahead?

While the majority of the stock and indices are currently witnessing sharp sell off due to the ongoing US-Iran war situation, weak global cues.

One sector has specially stood out among this chaos i.e., Pharma sector. Pharma sector is being considered a defensive play because healthcare being essential, investors often rotate towards pharma stocks whenever there’s uncertainty in the broader markets.

Check out the below chart of Nifty Pharma relative strength with Nifty 50

Daily chart of Nifty Pharma Relative strength with Nifty 50

In the above chart, Nifty Pharma has been heading higher in the form of Higher High and Higher low formation with each passing session indicating strong relative outperformance by the sector which is a positive sign. Amongst the sector, Fortis being one of the major contributors is currently heading higher. Let us see how using Gann square of 9 one can predict support and resistance levels.

Fortis Daily chart with Gann square of 9

What Makes Gann Square of 9 Relevant in Live Markets?

The Gann Square of 9 is one of the most widely used tools from W.D. Gann’s work. It is often referred to as part of the “sacred science” of markets, as it helps identify:

• Key price levels of reversal
• Strong support and resistance zones
• Areas where trend acceleration or deceleration is likely

Combining Gann square of 9 with Fortis Healthcare

• Gann level of 931 has acted as a magnet to the prices with prices hovering near the same from almost December 2025.
• Recently, the stock tested the Gann level of 931 around start of June 2026 and witnessed a sharp upside reversal of more than 7% after taking support at that level.
• In today’s session, the stock broke above the 993 Gann level and is now heading higher.
• For now, any dips towards the can be used an opportunity to ride the ongoing trend with the resistance being around 1057 Gann level and support being around 931 which is a Gann level. 

Kalchakra – Bracket Master of Cycles

7th & 8th February
A rare and powerful training where you will learn:

• Time forecasting along with price targets
• Advanced time cycle techniques
• Integration with Gann Square of Nine
• Sacred market science used by few