This 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...
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.
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.
btcusdt If the specified low is broken the analysis is invalidated.