Force Motors

Date 15.08.2024
Force motors
Timeframe : Day chart
Remarks :
1 Formation of descending triangle & support of 100 ema extended to the neckline of descending triangle.

2 However, the price action is below the cloud & until price crossed upwards to cloud for breakout will be weak bullish.

3 If at all breaks down 100 ema + neckline, then don't try to catch falling knife

4 Moment within the triangle pattern is sideways journey.

Regards,
Ankur