New Delhi, Aug. 12 -- On Monday the Nifty 50 surged 221.75 points or 0.91% to close at 24,585.05, while the BSE Sensex climbed 746.29 points or 0.93% to settle at 80,604.08. Nifty Bank also gained 505.85 points or 0.92% to finish at 55,510.75, marking a healthy recovery in financial counters.

Why it's recommended: Fortis Healthcare Ltd is showing strong bullish momentum with a daily RSI at 79, indicating sustained strength. MACD is firmly positive at 29, while ADX at 42 reflects a robust trending phase. The stock recently marked a lifetime high and is poised to extend the rally in both near- and short-term horizons. A bullish pennant pattern has formed on lower timeframes, projecting a target of more than Rs.955.

Pattern: Bullish pennan...