Metropolis - Bottom Fishing
The risk and reward ratio very favourable, price taken a support at Rs 1150 after the breakdown and consolidating between Rs 1150 to Rs 1700.
The current set up looking positive as breakout observed in chart; supported of volume and travelling above key ema of 200|50|20.
The current set up looking positive as breakout observed in chart; supported of volume and travelling above key ema of 200|50|20.
Note
weekly chart - follow up bullish candle after price retest !!Note
daily chart - price above 200,50,20 and volume above 5*Average volume of 5 monthsNote
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price near resistance level.
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