FORTIS - IntraDay Trade Analysis

Last Updated Time : 02 Aug 25, 12:58 am

📊 Intraday Trade Analysis – Fortis Healthcare (FORTIS) IntraDay Trade Rating: 4.0

FORTIS looks like a momentum-backed breakout candidate today, driven by strong price action, high RSI, and bullish MACD. However, the risk-reward narrows at these levels, so traders should be agile with entries and exits.

🔍 Technical Overview

RSI (70.7) → Clearly overbought. Strong momentum, but a reversal risk looms.

MACD (21.3) → Bullish continuation pattern. Suggests upside strength.

Volume (19.3L vs Avg 23.8L) → Slightly below average, but still active. Further spike will validate trend.

Price near 52W High (₹854) → Testing resistance zone. Breakout or rejection could define today's trade.

Well above DMA50 (₹773) & DMA200 (₹678) → Firm uptrend intact.

💸 Intraday Trade Levels

Action Price Range (₹)

Buy Entry Zone ₹848 – ₹852

Profit Target ₹860 – ₹866

Stop-Loss Level Below ₹842

📈 Ideal entry is on a dip to ₹848–₹850 if it shows strength and reverses back toward ₹854. Avoid chasing breakout unless volume spikes past 25L early.

⏱ Already Holding Today? Exit Strategy

Profit-Taking

Exit between ₹860–₹866 if RSI extends toward 75 and MACD sustains.

Volume breakout (25L+) confirms trend continuation.

Loss Protection

Exit below ₹842 if price rejects 52W high and RSI drops below 67.

Look for MACD divergence or decreasing volume.

🧠 Final Take

FORTIS is on fire technically, but the rally is stretched. It’s a perfect case for short-term momentum traders with tight stops. You can ride the wave — just keep one foot on the beach. 🌊

Want help lining up some fresh healthcare picks with breakout setups or sector rotation? I’d be glad to scan and share.

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