Force Motors slips to 2026 low, closes below Rs 16,900

Force Motors fell 1.5% to Rs 16,800 on 1 October 2026, traded at its lowest level of the year and closed below the Rs 16,900 support. Force Motors Limited [

] fell 1.5% to close at Rs 16,800 on 1 October 2026. The intraday low of Rs 16,531 is the lowest price of the year so far, and the close is below the Rs 16,900 support. This matters because the Rs 16,900 area had held on earlier dips. The stock is now about 36% below its February high of Rs 26,450. The fall comes after strong operating data. Domestic sales rose 62% to 3,721 units in August 2026. My view: the chart looks weak. The relative strength index is 39, below its own average of 44. Volume was about 117,000 shares, which is light for a breakdown. That makes the move less convincing. I am watching Rs 16,100 as the next support. A close below it would weaken the picture further. A close back above Rs 16,900 would change my view. The nearest resistance is Rs 18,350. This fall is expected to be a short dip, as recent sales data has improved. Disclaimer: I, Akhilesh Jat (SEBI RA Reg. No. INH000016649), do not hold any position in the stock discussed. This content is informational, not a recommendation. Investments in securities are subject to market risks. Read all related documents carefully before investing.