FORTIS - Swing Trade Analysis with AI Signals

Last Updated Time : 19 Sept 25, 2:15 pm

Swing Trade Rating: 3.9

📊 Technical & Momentum Analysis

Strong Uptrend: Price is above both 50 DMA (₹898) and 200 DMA (₹753), confirming bullish structure.

MACD Momentum: At 21.3, MACD is strongly positive, supporting continued upside.

RSI Elevated: 64.7 suggests strength but nearing overbought zone—watch for reversal signs.

Volume Stable: Current volume (9.86L) is close to 1-week average (10.41L), indicating steady interest.

📈 Fundamental Snapshot

Valuation Risk: P/E of 416 vs industry average of 57.3 and PEG of 2.64 signals extreme overvaluation.

Weak Efficiency: ROCE 3.27%, ROE 1.41%—low capital productivity.

Profit Surge: PAT jumped from ₹6.86 Cr to ₹38 Cr (+41.5%)—strong quarter-on-quarter growth.

Low Leverage: Debt-to-equity of 0.22 offers financial stability.

Institutional Sentiment: FII slightly reduced (−0.22%), DII increased (+0.33%)—mildly bullish.

🎯 Trade Strategy

🔹 Optimal Entry Price

₹920–₹940: Ideal pullback zone near 21-day or 50 DMA support. Entry only if MACD remains positive and RSI holds above 55.

🔹 Exit Strategy (If Already Holding)

₹1,020–₹1,075: First resistance zone. Tighten stop-loss to ₹980 once price crosses ₹1,020.

₹1,100: Final exit target based on current breakout potential

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Trailing Stop: ₹950 to protect gains.

🧠 Summary

FORTIS is in a strong technical breakout with short-term momentum, but fundamentals are stretched. It’s suitable for momentum-based swing trades with tight risk control. Entry near support zones with confirmation is key; exit near ₹1,100 is optimal unless volume and MACD accelerate further.

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www.thehindubusinessline.com

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www.relitrade.in

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