FORTIS - Technical Analysis

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

Technical Rating: 4.3

Here’s a detailed technical analysis of Fortis Healthcare Ltd (FORTIS) based on the data you provided and current market indicators

📈 Trend Overview

Current Price (₹851) is above both the 50 DMA (₹773) and 200 DMA (₹678), confirming a strong uptrend.

RSI (70.7): In the overbought zone, indicating strong bullish momentum but also caution for potential pullback.

MACD (21.3): Strongly positive, reinforcing the bullish trend.

Volume (19.3L) is slightly below average (23.8L), suggesting momentum may be slowing.

📌 Conclusion: The stock is trending upward, but nearing resistance and possibly due for short-term consolidation.

📊 Momentum Signals

Bollinger Bands: Price likely near the upper band, signaling overbought conditions.

Support Zone: ₹800–₹820 (recent breakout level and psychological support)

Resistance Zone: ₹860–₹875 (near 52-week high and potential profit-booking zone)

🎯 Entry & Exit Strategy

Action Price Range (₹) Rationale

Buy Entry 800–820 Pullback zone, strong support

Target 1 860 Near 52-week high

Target 2 875–890 Extension if momentum continues

Stop Loss 780 Below 50 DMA and breakout level

📌 Additional Insights

P/E (76.4) vs Industry PE (69.2): Slightly overvalued, but justified by strong earnings growth.

PEG Ratio (2.49): Indicates premium valuation, so short-term caution is warranted.

ROCE (12%) & ROE (10.1%): Moderate returns, supportive of long-term stability.

FII holding declined, while DII increased, showing domestic confidence despite foreign caution.

Debt-to-equity (0.28): Healthy leverage profile.

Would you like to compare this with another hospital stock like Apollo Hospitals or Narayana Health? Or build a momentum-based watchlist across the healthcare sector?

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