FORCE MOTORS Trend Line BreakoutFORCE MOTORS Trend Line Breakout BUY Target 10277 (40% Upside), SL 8% R:R 1:5
FORCEMOT trade ideas
FORCE MOTORS - ALL TIME HIGH AGAIN ? WHATTTTTTTT....???
HELL YES..
A big OPPORTUNITY in FORCE MOTORS LTD🚀🚀
We saw that this stock was in correction mode since it made an all time high of ₹ 10,100
BUT NOW, it is giving the reversal sign by giving a breakout of downward sloping trendline with good intensity of volume.
* As per ELLIOT WAVES the stock is getting ready to move all time high to unfold the WAVE 5th
* Stock can be a buy on dip till it touches all time high with the same stoploss mentioned in trading plan at the last with expected targets.
Technical view- a simple understanding for beginners
* The stock has given a breakout with good intensity of volume.
* The price changed its structure from lower low to higher high
* Stock price is challenging Upper Bollinger Band in Daily Time Frame
* RSI ( a strength indicator) is above 60 in Daily Time Frame which indicates strong momentum
* All the momentum indicators such as MACD, DMI etc., are giving positive signals.
For those who are new to WAVES, let's Understand the basics of Waves 📈
Key Elliott Wave Principles:
1. Five-Wave Impulse Pattern: The primary trend unfolds in five waves (1-2-3-4-5). Waves 1, 3, and 5 move in the direction of the trend, while waves 2 and 4 are corrective.
2. Three-Wave Corrective Pattern: After a five-wave sequence, a correction typically follows, consisting of three waves (A-B-C) that move against the primary trend.
3. Wave Relationships: Fibonacci ratios play a crucial role in Elliott Wave analysis, often governing the length of the waves.
4. Wave Characteristics: Each wave has its own set of characteristics. For example, Wave 3 is usually the most powerful, showing the strongest price movement, while Wave 5 may signal the final push before a significant correction.
TRADE PLAN
* one can add at current levels and again if it comes down you will get an opportunity to add more till 6500
* Targets - 8000/9000/9500/10000/ All time high
(note- Targets may also react as resistance / hurdle)
* Stop Loss - 6160
* Invest keeping in mind for short to long term view, not for speculation.
* Always invest only after calculating the financial risk with the given stop loss and then decide your quantity.
Thank You
KARANN DINGRA 💰🚀
FORCEMOT for Positional TradeFORCEMOT for Positional Trade. Enter after price closes above 7950, with Target 1 as 8940 (12%), Target 2 as 9485. Confirmation from different support and resistance levels
Force Motors under the garb of descending triangle nowThis chart shows a technical analysis of the stock price for Force Motors. The pattern displayed is a descending triangle, which is typically considered a bearish pattern. Here are the key features and interpretations:
Descending Triangle Pattern :
# Resistance Line (White Line): This is the downward sloping trendline connecting the lower highs. It indicates that the stock has been consistently making lower highs, suggesting a downward trend.
# Support Line (Green Line): This is the horizontal line connecting the lows, showing that the stock price has found a support level where buyers come in to prevent the price from falling further.
Price Movement :
The stock price is moving between these two lines, bouncing off the support and resistance levels.
As the price continues to test the support level (green line) without breaking through, it signifies strong support at this price point. However, the descending resistance line indicates sellers are consistently pushing the price lower at each rally.
Potential Breakout :
If the price breaks below the support level (green line) with significant volume, it could indicate a bearish breakout, leading to a further decline in price.
Conversely, if the price breaks above the descending resistance line (white line), it could suggest a bullish reversal, with the potential for an upward movement.
Volume Analysis :
Typically, volume plays a crucial role in confirming the breakout. An increase in volume on a breakout below the support line would confirm the bearish trend, while an increase in volume on a breakout above the resistance line would confirm a bullish trend.
In summary, this chart suggests that Force Motors is currently in a descending triangle pattern, which is a bearish signal. Traders and investors should watch for a breakout from this pattern to determine the next potential move of the stock.
Major levels to consider:
Support - 7850
Stoploss - 7450
NOTE : Please consult your financial advisor before taking any trade/decision in Force Motors
Force Motors BSE LongBuy 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.Fresh breakout in force motors. Keep a tight SL around 3700. Possibly a last leg of rally.
Support LevelsForce 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 Done Force motorsBreakout 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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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.
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.
