FORTIS HEALTHCARE LTD. Stock Futures, Options, Trading Call - Investment
Review Short Sell - Exit
19/08/2017
19/08/2017
Commentary:
We have been
bearish for most of the past year on this scrip. The company has been in news
for all the wrong reasons since last few months with legal issues and growth
problems. The topline is growing but the profitability is suffering which we
believe is the problem of all companies in the sector. With government cracking
down on the profit margins of healthcare sector by variety of steps, we believe
an entire rerating of companies such as Fortis will be done by market just like
the pharma sector. The company stock price is very expensive at the current
price and has potential to crash to 50 Rs. We are extremely bearish and this
can be one of our many of windfall trading opportunity for futures short
sellers and put call traders. Also, investors can offload and save their
capital from erosion.
Technical Picture:
The stock surged to
180 levels, which was its lifetime high of 2010 bull market. But it could not
sustain there and has been trading about sideways since more than a year now.
We believe it has broker the range on the downside, by closing below 160 on
monthly chart and about to break 100 DMA on the same. It has already broker 100
and 200 DMA on weekly and daily charts. We believe to short on every rise and
make huge money in futures and options in such sureshot calls. To get the
strategy and levels, and entry, exit you can contact us.
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