Fortis Weekly


Currently Fortis is trading at multi year highs and has broken the range bound movement after 3 years. With huge volumes it is a clear cut breakout thanks to the bulk deal by ace investor Mr. Rakesh Jhunjhunwala and we should look to buy at the first decline. This could be a excellent long term investment with more than 100% growth in the next 1-2 years. Targets would be atleast 300+


The next major test and resistance would be at the swing highs made in 2010. So if it manages to go above 185-190 it would very well go to price levels of 300+ and should be watched closely. I will post more updates incase there are developments.


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s