FORTIS trade inside the rising wedge On the chart we can see a rising wedge. We expect that the price will retest the upsloping support trendline which would be our entry in long position.
We expect the price to go higher and eventually retest the upper boundary of the rising wedge.
Invalidation of this thesis would be if the price breaks and closes below the upsloping support line.
FORTIS trade ideas
FORTISNSE:FORTIS
One Can Enter Now ! Or Wait for Retest of the Trendline (BO) Or wait For better R:R ratio
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
Fortis Healthcare Ltd
- break out after 675 Days of consolidation
- Targets as per fibonocci
- Stop Loss - 270
Market Cap
₹ 23,419 Cr.
Current Price
₹ 310
High / Low
₹ 325 / 220
Stock P/E
43.7
Book Value
₹ 95.9
Dividend Yield
0.00 %
ROCE
11.1 %
ROE
7.98 %
Face Value
₹ 10.0
Promoter holding
31.2 %
EPS last year
₹ 7.80
EPS latest quarter
₹ 1.76
Debt
₹ 926 Cr.
Pledged percentage
0.00 %
Net CF
₹ -22.7 Cr.
Price to Cash Flow
28.5
Free Cash Flow
₹ 381 Cr.
Debt to equity
0.13
OPM last year
17.5 %
OPM 5Year
13.6 %
Reserves
₹ 6,487 Cr.
Price to book value
3.23
Int Coverage
6.73
PEG Ratio
1.04
Fortis Healthcare India Sun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series
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FORTIS Breakout and retest completeFORTIS Breakout and retest completed good to see 1:2 Risk Reward ratio. Head and Solder Breakout and neck line retest done
Long Postion : 270
Target : 312
Stop loss : 250
Above given level only for educational purpose before take trade consult your financial advisery. Target will reach on positional basis only