FORTIS - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 05 Nov 25, 7:43 am

Technical Rating: 3.7

📈 Technical Analysis

• 📊 Chart Pattern: FORTIS is showing signs of a mild reversal after a strong rally, currently consolidating near 1,000 ₹.
• 📈 Moving Averages: Price is above both 50-DMA (996 ₹) and 200-DMA (823 ₹), indicating medium-term bullish strength.
• 📉 RSI (46.9): Neutral zone, suggesting indecision and lack of strong momentum.
• 📈 MACD (15.6): Positive crossover, indicating bullish momentum is still intact.
• 📉 Bollinger Bands: Price near mid-band, suggesting consolidation with low volatility.
• 📈 Volume Trend: Current volume (20.47L) is above 1-week average (14.23L), indicating increased participation.

📍 Entry & Exit Zones

• ✅ Entry Zone: 980 ₹ – 1,000 ₹ (near 50-DMA and support zone)
• 🚪 Exit Zone: 1,090 ₹ – 1,105 ₹ (resistance zone and 52-week high)

📊 Trend Status

• 🔄 Current Trend: Consolidating
• 📈 Bias: Mild bullish if RSI crosses 50 and MACD sustains

✅ Positive

• Quarterly PAT surged from 6.86 Cr. to 38 Cr. — a 41.5% increase.
• Price above key moving averages supports bullish structure.
• FII holding increased by 0.72%, indicating foreign investor confidence.

⚠️ Limitation

• Extremely high P/E (442) and PEG (2.81) suggest severe overvaluation.
• Weak ROCE (3.27%) and ROE (1.41%) reflect poor capital efficiency.
• DII holding dropped by 0.65%, indicating reduced domestic institutional interest.

📉 Company Negative News

• Valuation concerns due to high P/E and low return ratios may limit upside.

📈 Company Positive News

• Strong quarterly earnings rebound and increased FII interest support sentiment.

🏭 Industry

• Healthcare sector remains stable with long-term growth potential.
• FORTIS trades at a significant premium to industry PE (442 vs 58), reflecting high investor expectations.

🧾 Conclusion

• FORTIS is consolidating with mild bullish signals and strong recent earnings.
• Short-term traders may consider entries near 980 ₹ and exits near 1,105 ₹.
• Long-term investors should monitor valuation and return ratios before adding exposure.