Electro Force- Looking good in volume also forming ascending triangle patter. Where we can see a good move if it breaks 127, then we can see all time high and the target of 142 .
Disc: Only for Education purpose, not a trading recommendation.
Chart -> Force Motors Daily
Force Motors has given an inverse head and shoulder with volume pop-up too.
CMP: 1114
Good range: 1060 to 1090
Target: 1200, 1300
SL: 1040 on daily closing
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
Above the breakout of the pattern I expect a return of 27% within 3 months unless the pattern weakens due to Nifty correction or any other global factor. .
