'Buy Fortis, target Rs 170, stop loss Rs 153: Sandeep Wagle

In a chat with ET Now, Sandeep Wagle, founder & MD, APTART Technical Advisory Services, talks about the outlook of Fortis Healthcare.

What are your expectations from Fortis?

Day before it gave a breakout from a level of Rs 155-156, excellent volumes, probably news driven. Yesterday, it maintained that and today it is about to give a breakout. This is a stock which is waiting for something to happen. It can be picked up at current level. The risk is only Rs 3 or Rs 4, stop loss of Rs 153 and over the next week or so, one can look at a target of somewhere around Rs 170.