METROPOLIS Analysis(Rounding Bottom)!
Rounded Bottom Pattern in Metropolis!
50 EMA 100EMA Crossover!
Golden Crossover 50 EMA and 200 EMA?
METROPOLIS has made a Rounding Bottom Pattern in a Daily Timeframe. We can see the fluctuations in Volume, after the price reaches the bottom it diminished, and after the rally, it gained. The previous trend was a clear downtrend after this stock gained momentum and showed an uptrend now it is trading in the parallel channel and it is trading around its neckline. We should wait till it breaks the parallel channel as well as the neckline, the interesting thing is 50EMA crossed 100 EMA and now it may cross 200EMA so we can see the Golden Crossover. After the golden crossover, we may expect a long-term uptrend in the METROPOLIS.
Entry = Above 1492.10
Stop Loss = Below 1419.30
Target = 1790.15 and 1879.35
Disclaimer = All my analysis is for Educational Purposes only. Before entering into any trade -
1) Educate Yourself
2) Do your research and analysis
3) Define your Risk to Reward ratio
4)Don't trade with full capital
50 EMA 100EMA Crossover!
Golden Crossover 50 EMA and 200 EMA?
METROPOLIS has made a Rounding Bottom Pattern in a Daily Timeframe. We can see the fluctuations in Volume, after the price reaches the bottom it diminished, and after the rally, it gained. The previous trend was a clear downtrend after this stock gained momentum and showed an uptrend now it is trading in the parallel channel and it is trading around its neckline. We should wait till it breaks the parallel channel as well as the neckline, the interesting thing is 50EMA crossed 100 EMA and now it may cross 200EMA so we can see the Golden Crossover. After the golden crossover, we may expect a long-term uptrend in the METROPOLIS.
Entry = Above 1492.10
Stop Loss = Below 1419.30
Target = 1790.15 and 1879.35
Disclaimer = All my analysis is for Educational Purposes only. Before entering into any trade -
1) Educate Yourself
2) Do your research and analysis
3) Define your Risk to Reward ratio
4)Don't trade with full capital
Trade active:
Re-Entry after closing above the Nechkline
Avinash K.