52-Week High Breakout - Fortis Healthcare

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I spotted Fortis Healthcare on the ‘52-Week High Breakout’ screener and also on Insights on 6th Oct.
The setup had a 90.48% win rate over 22 past occurrences, with a backtested TP of ~9.07% and SL of ~4.45% for a 15-day holding period.
I entered at the open on 7th Oct. Despite the strong stats, I decided to take a quicker profit at 3.8%, given the rise in Nifty volatility around that time.
The move hit the target cleanly in just 4 days
Data-backed entry worked again :chart_with_upwards_trend::moneybag:

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1 Like
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This is really nice but at the same time I want to point out that the risk to reward ratio is so poor that taking this trade was not even worth the risk ? have you thought about risk to reward ratio’s when lookig at these trades.

TP of ~9.07% and SL of ~4.45% for a 15-day holding period.

3

Can you explain? Just wondering why you think this is not a favorable risk-reward ratio. Risking 4.45% to make 9% gives a risk/reward ratio of roughly 1:2- typical for a lot of trades.