FORTIS - IntraDay Trade Analysis with Live Signals

Last Updated Time : 19 Sept 25, 2:16 pm

IntraDay Trade Rating: 4.1

📊 Intraday Trading Analysis — FORTIS

✅ Bullish Setup Highlights

Momentum Indicators: RSI at 64.7 and MACD at 21.3 signal strong bullish momentum, approaching overbought but still tradable.

Price Action: Trading at ₹967, just below its 52-week high of ₹983 — breakout potential is high.

Trend Strength: Price is well above both 50-DMA (₹898) and 200-DMA (₹753), confirming strong short-term and long-term trend alignment.

Quarterly Earnings: PAT surged from ₹6.86 Cr. to ₹38 Cr. — a 41.5% jump, boosting sentiment.

Volume: Near average (9.86 lakh vs 10.41 lakh) — sufficient liquidity for intraday trades.

⚠️ Risk Factors

Valuation: P/E of 416 and PEG of 2.64 — extremely overvalued, not ideal for swing or positional trades.

Fundamentals: ROCE (3.27%) and ROE (1.41%) are weak despite earnings growth.

FII Sentiment: Slight decline (-0.22%) in FII holdings — some caution from foreign investors.

📈 Intraday Strategy

🔹 If Entering Fresh Today

Buy Zone: ₹962–₹967 (just below resistance and near VWAP)

Profit Targets

Target 1: ₹975 (initial breakout extension)

Target 2: ₹983 (52-week high — strong resistance)

Stop-Loss: ₹950 (below VWAP and psychological support)

🔹 If Already Holding

Exit on Weakness

Price drops below ₹955 with rising volume and RSI dips below 60

MACD flattens or shows bearish divergence

Exit on Strength

Price breaks ₹975 with volume >1.5x average and RSI >70

Trail stop-loss upward to ₹967 once ₹975 is breached

🧠 Final Take

FORTIS is a strong intraday candidate today, especially for breakout traders. While valuation is stretched, technical momentum and earnings growth support short-term upside. Ideal for tactical scalping with disciplined risk management.

Let me know if you'd like to track breakout levels or set up a trailing stop strategy!

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