NSE:FORCEMOT
✅ #FORCEMOT trading above Resistance of 8400
✅ Next Resistance is at 10740
Related charts:
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational...
Daily time frame-breakout candle volume is good as compare to previous candles.
Retest also done on trend line with good enough volumes.
Weekly time frame chart also looks good.
NOTE: I do my analysis, do yours before trade.
Buy Force Motors at CMP Target of 6097-6953-9522-12091 SL 3352 Strategy : SBO + RSI > 60 + EMA above 20 & 50 Duration few weeks. Please consult your financial advisor before investing, All research for educational purposes only.
NSE:FORCEMOT
✅ #FORCEMOT trading above Resistance of 5800
✅ Next Resistance is at 8400
Related charts:
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only....
Take entry at 3400
Target 5080
Next Average at 2710
Very good Q1 results .. Fundamentally strong counter.,
We hold this counter from 1800Rs level.
Be invested .
Reason for short
a) Monthly low breakdown
b) Huge selling volume
c) Good risk reward zone
d) Nifty correction further enhance this short in intraday.
e) SL compulsory
#FORCE
-It is in the business of manufacturing fully vertically integrated small and light CVs, multi-utility vehicles, and agricultural tractors.
-Market Cap₹ 5,299 Cr.
-Growth YOY :-
Sales 53.2 %
Profit 513 %
-InstHold 5.59 %
-momentum Breakout.
An On Neck Chart Pattern Breakout happened on the weekly Time frame of NSE:FORCEMOT
Price Action is well supported by the volume.
The stock is currently in uptrend making higher highs and higher lows.
One can add this stock into their stocks to buy list.
Initiate the long trade only according to the levels mentioned.
Stop loss will be on weekly closing...
NSE:FORCEMOT
✅ #FORCEMOT - Trading above Resistance of 3560
✅ Next Resistance is at 4100
Related chart:
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose...
NSE:FORCEMOT
✅ #FORCEMOT trading above Resistance of 2840
✅ Next Resistance is at 3560
Related charts:
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only....
My wave analysis suggest a good up move coming soon..
Please do note this is an INVESTMENT OPPORTUNITY and not for trading.
Do your analysis first.. and invest as per your strategy.
Best of Luck.
Happy Trading.
NSE:FORCEMOT
✅ #FORCEMOT trading above Resistance of 2131
✅ Next Resistance is at 2840
Related charts:
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This...
FORCE MOTORS breakout from an all-time high in an upward channel with weekly bullish. If it opens above 1920 in the day and sustains above the trend breakout point of 1955 it will reach the weekly target 2470
