Note:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
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3. Views given here is not a tip rather it is for educational purpose... Aftermarket...
An value pick of mine from lower levels.
Technically it had broken out recently..nw it retested the breakout and bounced from there..
Also confirming that the 200EMA could act as a support going ahead.
Long at CMP with SL below 200EMA (1025 for traders) and (975 for those with a longer term view)
This is a public swing trade idea from "one right trade" and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. We would comment on any further updates on our entry, targets and stop-loss on this idea, so make sure to follow it if you want to get further updates. Our objective to help...
Buy 50% now and 50% either at 780 or above breakout at marked price of 975. (ideally 50% at 780 because we are buying this as a value pick and not to trade)
Some fundamentals worth knowing about the company
Force Motors
Market Cap: 1100cr
P/B 0.6
D/E 0.1
Company is a contract manufacturer for Mercedes and BMW. They supply engines and Axles. 50% revenue comes...
FORCE MOTORS 3H TF Elliot Wave Analysis
I think we will see Force Motors prices plummet in the coming days.
The overall Trend seems to be Bearish.
Next view is seen @ 784.75, 746.55, 697 odd levels. NSE:FORCEMOT
