π Force Motors Breaks Out After Strong Q1 Numbers!
FORCEMOT
πΉ Stock hit βΉ19,149 today on high volume β but here's what you need to know before jumping in.
π Q1 FY26 vs Q1 FY25 (YoY Growth):
Revenue: βΉ2,297 Cr β β 21.9%
Net Profit: βΉ176.33 Cr β β 52.4%
π Powered by:
Strong demand in Traveller vans & ambulances
Growing exports to BMW & Mercedes
Positive auto-sector momentum
Strong breakout on technical charts
π Chart View:
RSI at 77 β Overbought zone
Support: βΉ17,200 | Resistance: βΉ21,000ββΉ22,000
Strong uptrend intact, but short-term consolidation likely
β οΈ Caution for New Entries:
Stock has already rallied ~40% in 1 month
Entering now comes with high risk of correction
Risk-reward isnβt favorable unless stock pulls back
π¬ Our View:
Force Motors has delivered solid growth and is in a strong trend. But after a sharp rally, wait for a dip (βΉ17,500ββΉ18,000) before considering fresh positions. Let the dust settle β donβt chase strength blindly