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METROBRAND

METROBRAND - BULLISH - IMPULSE - STARTINGHi Folks, Metrobrand has shown very high delivery in overall day volumes. It has gone through a healthy correction of 50% of last leg of impulse. Stock has absorbed selling pressure, albeit with low volumes with high liquidity. Currently, price has broken out the falling wedge and RSI has shooted up to corroborate the strength of this up move. Constant weekly close above 30 WEMA also indicates bullish stance of this stock. Elliott Wave Analysis 1. On larger timeframe its an ongoing impulse in the form of 12345. 2. Internal 4 of larger 3 seems to be getting over with one more divergent bounce left. 3. Targets are marked with fib projections on the chart. 4. 2-4 trendline will act as invalidation levels. 5. 5th wave can hit the upper channel. Not a trading reco, please do your own due diligence.
NSE:METROBRANDLong
by KunalSaxena10
3
MACD Crossover Swing Trade📊 Script: ADANIPOWER 📊 Sector: Power Generation & Distribution 📊 Industry: Power Generation And Supply ⏱️ C.M.P 📑💰- 628 🟢 Target 🎯🏆 - 668 ⚠️ Stoploss ☠️🚫 - 611 📊 Script: HUDCO 📊 Sector: Finance 📊 Industry: Finance - Housing ⏱️ C.M.P 📑💰- 233 🟢 Target 🎯🏆 - 246 ⚠️ Stoploss ☠️🚫 - 228 📊 Script: JSWINFRA 📊 Sector: Marine Port & Services 📊 Industry: Miscellaneous ⏱️ C.M.P 📑💰- 259 🟢 Target 🎯🏆 - 278 ⚠️ Stoploss ☠️🚫 - 250 📊 Script: METROBRAND 📊 Sector: Leather 📊 Industry: Leather / Leather Products ⏱️ C.M.P 📑💰- 1081 🟢 Target 🎯🏆 - 1153 ⚠️ Stoploss ☠️🚫 - 1044 📊 Script: HBLPOWER 📊 Sector: Auto Ancillaries 📊 Industry: Auto Ancillaries ⏱️ C.M.P 📑💰- 521 🟢 Target 🎯🏆 - 559 ⚠️ Stoploss ☠️🚫 - 504 ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂
NSE:ADANIPOWERLong
by radha_23
1
Metro Brands - Long Setup, Move is ON...#METROBRAND trading above Resistance of 1323 Next Resistance is at 1874 Support is at 931 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:METROBRANDLong
by MandeepSinghKohli
Resistance 2 achieved in Metro Brands. Resistance 3 is ON.This is follow-up on Metro Brands. Can also check link to related ideas. Resistance 2/Target 2 achieved. Resistance 3/Target 3 is ON as it is comfortably trading above resistance line of 825. Has moved more than 46% since breakout at 640. Here are previous charts. Chart is self explanatory. Entry, Resistances/Targets and Support/Trailing Stop Loss are mentioned on the chart. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:METROBRANDLong
by MandeepSinghKohli
1
METROBRANDMETROBRAND:- Symmetrical pattern is formed, if it gives upside breakout, we may see upside movement, keep an eye on the stock Hello traders, As always, simple and neat charts so everyone can understand and not make it too complicated. rest details mentioned in the chart. will be posting more such ideas like this. Until that, like share and follow :) check my other ideas to get to know about all the successful trades based on price action. Thanks, Ajay. keep learning and keep earning.
NSE:METROBRANDLong
by AjayDhakad_Keep_it_simple
"METRO BRANDS: Get in on the Action Now!METRO BRANDS has recently completed wave 4 with a triangle formation, indicating a potential move towards wave 5. Traders may consider entering a position in the range of 815-830, with target levels at 976 and 1107. It is important to note that trading carries a risk of loss, and a stop loss at 765 is recommended to limit potential losses if the trade moves against expectations. As always, it is important to conduct thorough research and analysis before making any trades. This post is not financial advice and should not be considered as such.
NSE:METROBRANDLong
by karuneshBajpai2
23
Target 1 achieved in Metro Brands. Target 2 is ON.This is follow-up on Metro Brands. Can also check link to related ideas. Target 1 achieved. Target 2 is ON as it is comfortably trading above resistance line of 673. Here is previous chart. Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:METROBRANDLong
by MandeepSinghKohli
METROBRANDWhat Is a Rounding Bottom? A rounding bottom is a chart pattern used in technical analysis and is identified by a series of price movements that graphically form the shape of a "U". Rounding bottoms are found at the end of extended downward trends and signify a reversal in long-term price movements. This pattern's time frame can vary from several weeks to several months and is deemed by many traders as a rare occurrence. Ideally, volume and price will move in tandem, where volume confirms the price action. How a Rounding Bottom Works A rounding bottom looks similar to the cup and handle pattern, but does not experience the temporary downward trend of the "handle" portion. The initial declining slope of a rounding bottom indicates an excess of supply, which forces the stock price down. The transfer to an upward trend occurs when buyers enter the market at a low price, which increases demand for the stock. Once the rounding bottom is complete, the stock breaks out and will continue in its new upward trend. The rounding bottom chart pattern is an indication of a positive market reversal, meaning investor expectations and momentum, otherwise known as sentiment, are gradually shifting from bearish to bullish. The rounding bottom chart pattern is also known as a saucer bottom given the visual resemblance and bowl-like appearance. The recovery period, much like the downturn, may take months or years to coalesce; thus, investors should be aware of the potentially lengthy patience necessary to realize a full recovery in stock price. #Watchlist #METROBRAND (D):-CMP 737.2 Looks Good For More Upsides :) #Disclaimer:-View shared is for educational purposes only. Conduct your due diligence before making any trading or investment decisions. #StockToWatch
NSE:METROBRANDLong
by Charts_insiders
2