According to chart anylasis its create cup with handal pattern we can buy if it break @1240 then buy for immediate target 1260-70 then 1300++ keep stop loss 1145.
down movement is exausting might see momentum shift look for buy position till 1300
Forcemot seems to be pushing upwards, trying to make fresh highs. Not sure if its a mere technical play or something deeper as management philosophy change, the new stunning Gurkha or just simple increased demand. Neverthless promising BUY above 1710
Triangle breakout pattern in Force Motors Ltd.. Also bullish MACD crossover
Force Motors- Cup and Handle Breakout Projections 2280
Wick rejection is observed multiple times from all time high, investors should look for a weekly closing above mentioned zone for long side opportunities. P.s A news might fuel rally in this scrip
It was given last week at 1274 levels Now look at it its skyrocketing It has much more to go Hold tightly
Its a bouncing back back fromy exactly the 30% of fibonachi levels Its took support on 200 Ema Previously volume was huge at this level Support is also there
NSE:FORCEMOT Cup handle pattern breakup with huge volume , after breakout retracement completed ,now again ready to go up with the target of 1560
It has given Rounding Bottom breakout on the daily chart. All oscillators are in bullish bios. The increased delivery volume also confirming the same. We can expect price movement up to 1375 in the near term.
A Bullish Engulfing Pattern has been formed on the counter of FORCE MOTOR. Keep Close Watch.
Previous highs should act as support now.
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One can look for Booking their holdings Near forecast Level , in upcoming days
Following simple trend up breakout and then correction, looks like ready for another breakout.