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CourtroomInvestments
Apr 29, 2023 8:35 AM

METROBRAND Long

METRO BRANDS LTDNSE

Description

The stock had been consolidating in a Triangle pattern since last few months.

Now, prices have registered a breakout.

Weekly RSI also shows a breakout along with Weekly MACD turning positive.

In the past, the breakout has resulted in a strong rally to 261.8% FR level, so target would be 1370.

Pattern remains valid as long as the stock trades above Rs.750.
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