FORCEMOT looks good.this is only for educational purpose.
Buy Force Motors @ CMP for the Target of 4194-4353-4512 SL 3560 Strategy : SBO + RSI > 60 + EMA above 20 & 50 Duration few Days
Fresh breakout in force motors. Keep a tight SL around 3700. Possibly a last leg of rally.
Wait for entry For long term investment
Reason for long a) vwap support for long b) Head and shoulder pattern for long SL compulsory
Reason for long a) Head and shoulder and w pattern in right shoulder for long double set up in single pattern SL compulsory
It has given a strong breakout from a triangle pattern. More upmove pending
Force Motor is looking good at current levels. Support levels are drawn and the view is invalid if the close is below 900 Disc : Not holding and not a buy and sell recommendation
Breakout and Retest, 1560 Levels were breakout Levels. Trade Setup: Buy at CMP 1606.15 Target 1: 1707; Target 2: 2000; Target 3: 2300++ SL : 1535 Risk is yours Reward is too yours totally. Symmetrical Triangle Pattern is activated.
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Already breakout of level 1707 made high 1715, need to close above 1707 for further rally, however its going far from EMA 20 so can look for 1st support at 1595 in order to bounce back.
Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
There is no clear sign if it will breakout or breakdown..i would keep it in my watchlist/journal though and put an alert in case there is movement on either side. Of course i am not interested in shorting, but will watch for a breakout.
Long for 10 days to 15 days Buy- 1376 Tp1- 1640.35 Tp2- 1700.75 Sl1- 1315.65 Sl2- 1223.50
AFTER WEEKLY BO WITH VOLUMES, RETESTING SUPPORT LEVEL.
Date : 25-07-2021. Wait For Breakout. Keep Watching.