Force motorsAlready 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.
FORCEMOT trade ideas
Breakout in Force Motors...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.
Triangle patternThere 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.
FORCE MOTORSLong for 10 days to 15 days
Buy- 1376
Tp1- 1640.35
Tp2- 1700.75
Sl1- 1315.65
Sl2- 1223.50
Intra Day - Buy Entry19-07-2021 Buy Signal.
Candle break the trend line and close as a Bullish candle.
Next was Up Move.
Investment Idea- Force MotorsInvestors may take position in FORCEMOT as it is retracing from a strong support level. handsome returns may be expected in long term holding.
SELL force motors overbrought!!!sell force motors coz its has been overbought has reached its limit due to rsi indicator pointing at 90
it might go upto 95 or 96 and its going to take a quick reversal. so sell has benn generated on force motors
