FORCEMOT - Inverted Head and Shoulder - BreakoutThe chart technical analysis of Force Motors Ltd (NSE)**, showing a **cup and handle breakout pattern**—a bullish continuation formation. Here's a breakdown of the key insights:
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# Pattern: Inverted Head and Shoulders (Bullish Reversal)
Left Shoulder: Formed around July–August 2023.
Head: Formed in December 2023, with a deeper low.
Right Shoulder: Formed in April 2025, with a higher low.
Neckline: Drawn across the resistance zone around ₹9,475.55 — now broken.
💥 Breakout Confirmation
Price has broken above the neckline at ₹9,475.55, closing at ₹10,062.50 with a strong 12.88% gain and high volume, confirming the bullish breakout.
📊 Measured Move Target
Height (Head to Neckline) ≈ ₹3,319.15
Breakout Target = ₹9,475.55 + ₹3,319.15 = ₹12,821.75
→ This matches the projection shown on the chart (~35% upside from breakout)
🔍 Volume Analysis
Breakout is accompanied by a large volume spike (~810K vs avg), which is critical for validating an inverted head & shoulders breakout.
📏 Key Technical Levels
Breakout Point / Neckline: ₹9,475.55 (Now Support)
Resistance: ₹10,277.85 (intraday high on breakout day)
Target: ₹12,821.75
Stop-loss: Below ₹9,475 (e.g., ₹9,200–9,300 zone), depending on risk tolerance
🧭 Strategic Takeaway
This breakout from an inverted H&S pattern suggests a bullish trend reversal after a prolonged downtrend, and the volume confirmation adds strength to the setup.
