Head and Shoulders
Inverse Head and Shoulders Neckline Breakout at FORCEMOTKeep it on your watchlist.
Force Motors Ltd. (#FORCEMOT)
Rs 147 crore Q4 profit versus YoY, QoQ losses
Deeply Undervalued,
EPS jumped - 443%
Sales Jumped - 69%
Rerateing Stock
I compared FORCEMOT vs. the Nifty and its peers from 25/11/2022 and discovered that it has just started outperforming both the Nifty and its peers in the sector.
ONLY FOR #educational NOT SEBI REGISTERED #LEARNEARN
It's my analysis, and it's 100 percent possible that I'm wrong. So, please don't believe in me; do your own analysis before investing.
Inverse Head & Shoulder breakout on Monthly chart Considering the movement in the Auto sector and the major revolution going on in the EV industry, it is very likely that this stock can perform well in the next 6 months to 2 years.
1. the "Inverse Head & Shoulders" pattern has a clear breakout on the monthly charts.
2. The volumes are also increasing.
3. Target could be the all-time high price in a period of 6 months to 2 years.
Stop loss - below the current swing low on the monthly chart.
Disclaimer: This is for educational purposes only; kindly consult your financial advisor before investing.
-> Not a recommendation
Natural Gas , bottom target levelNatural Gas , based on the Head and shoulder pattern, still it will go down bottom target level
CENTRAL BANK: Formed Reverse Head & Shoulder PatternCentral Bank of India has formed Reverse Head & Shoulder Pattern after long down trend.
Can be added at current level between 28 - 29 with target of 33.5 and set Stop loss at 26.
Pattern is forming on hourly chart.
Disclaimer:
This idea is only for education purpose, Please consult your financial advisor.
I am not SEBI registered.