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Rakesh Madhav CFA

17th Sep · SEBI-Registered Analyst

🚗 Force Motors (CMP ₹19,850, +0.6% today)

FORCEMOT
Force Motors extended its recovery trend, rebounding from recent lows and holding above key support levels. The stock is back in momentum after a healthy pullback from its all-time highs. 🔹 Technical View Price is trading above immediate supports of ₹18,850–18,950, showing strength. RSI at 58 indicates improving momentum without being overbought. Resistance is seen near ₹20,200–20,500; a breakout above this zone could retest ₹22,000+. Strong base support lies around ₹17,800–18,000. 🔹 Fundamental View The company is a key player in light commercial vehicles, passenger vehicles, and special utility vehicles. Strong demand for commercial vehicles and EV focus provide long-term growth opportunities. Healthy financial performance and industry recovery trends support valuations. ⚖️ Conclusion: Force Motors is regaining momentum after a corrective phase. Holding above ₹18,800 keeps the uptrend intact, with potential upside toward ₹20,500–22,000 in the near term.

#StockInNews#TechnicalViews#FundamentalViews
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