Metropolis
METROPOLISMETROPOLIS:- Stock has taken rejection from support, if it sustains by giving breakout of trendline then we may see upside movement till then 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.
METROPOLIS Broken the falling edge pattern with Rising VolumeMETROPOLIS healthcare has given a breakout from falling wedge pattern. This can be accumulated between the range 1290 to 1320. Safe traders can keep the Stoploss at 1230. It will be good buying idea if sustains above the falling trendline.
METROPOLIS: The Stock That's Breaking Out of the BoxWelcome to the most entertaining technical analysis report you'll ever read! This report aims to provide a technical analysis of METROPOLIS stock, and a recommendation for buying the stock in the short term, all while making it fun and easy to understand. The analysis is based on the latest charts and indicators, and is intended for investors and traders who are looking to capitalize on market movements, and want to have a good laugh while doing so.
Background:
METROPOLIS is an Indian diagnostic services company. The company's stock is listed on the National Stock Exchange of India (NSE) and is widely followed by investors and traders.
Analysis:
The METROPOLIS stock has been in a range-bound pattern for the past few months, like a game of ping-pong, but recent price action suggests that the stock may be breaking out, like a balloon finally being released. The stock has been trading in a range between 1267.60 and 1311.30, and a breakout above 1311.30 could signal a short-term trend reversal, like a snake breaking out of its cage.
The technical indicators are also pointing to a potential buying opportunity, like a sign from the universe. The Relative Strength Index ( RSI ) has been trending higher, like a rocket taking off, and is currently at oversold levels, indicating that the market is oversold and may be due for a rebound, like a trampoline. Additionally, the Moving Average Convergence Divergence ( MACD ) histogram has crossed above the zero line, like a finish line, suggesting that the trend is gaining momentum, like a snowball rolling down a hill .
Furthermore, price action on the chart shows that the stock has reached a strong support level , like a safety net, and is showing signs of a potential reversal, like a U-turn , with bullish cand formation, like a smiley face.
Recommendation:
Based on the analysis above, we recommend buying METROPOLIS stock if it breaks 1311.30 levels, with a stop loss of 1267.60 and a target 1 of 1355 and target 2 of 1389.95. This strategy aims to capitalize on a short-term trend reversal and capture potential profits as the market rebounds, like a boomerang.
Disclaimer:
It's essential to keep in mind that the market is highly volatile and unpredictable, like a weather forecast. Therefore, it's recommended to keep a close eye on the price action, like a hawk, and use stop loss and take-profit levels to minimize risk and maximize returns, like a superhero. It's important to conduct your own research and analysis before making any investment decisions, like a detective, and always consult a financial advisor before taking any action, like a lawyer.
Conclusion:
In conclusion, METROPOLIS stock appears to be breaking out of a range-bound pattern, like a prison break, and may be due for a short-term rebound, like a bouncing ball. Technical indicators and price action on the chart also suggest a potential trend reversal, like a mind change. Therefore, buying METROPOLIS stock if it breaks 1311.30 levels with a stop loss of 1267.60 and a target 1 of 1355 and target 2 of 1389.95 is a recommended strategy for traders and investors looking to capitalize on market movements in the short term, like a time machine.
In Metropolis expect Bullish shark & may reverse 1306 or 1287Note: Always try to find a good price action patterns or any candle stick patterns in marked zones in smaller timeframe to take entry with small stop loss.
(Color code for horizontal lines: Green - Buy, Blue - targets, Red - SL). If any doubt for take entry in price action patterns, please ask in comment box, i will try to help.
Disclaimer: Im not tip provider and this chart is not indented to take trade in my levels, It is shared here for learning purpose. Trading in this pattern is all your own risk.
METROPOLIS - Ichimoku Bullish Breakout Stock Name - Metropolis Healthcare Ltd
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 1777
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
I hope you all like my analysis.
Please do share your thoughts into comment section.
Please give a like, it motivates me to do analysis.
Metropolis Healthcare LTD - Multiple Indicators + Just a View 📊 Script: METROPOLIS (METROPOLIS HEALTHCARE LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: NIFTY500 / NIFTY MIDCAP
📊 Sector: Healthcare
📊 Industry: Healthcare Service Provider
Key highlights: 💡⚡
📈 Script is trading at upper band of Bollinger Bands (BB) and it may give breakout of it.
📈 MACD is giving crossover.
📈 Double Moving Averages may also give crossover.
📈 Volume is increasing along with price.
📈 Current RSI is around 59.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 1505
🟢 Target 🎯🏆 - 1632
⚠️ Stoploss ☠️🚫 - 1441
⚠️ 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 Navaratri 🕉️ 💃🏻🕺🏻
Happy learning with trading. Cheers!🥂
#metropolishelthcare #metropolisNSE:METROPOLIS
📌 To Trade on This Chart, You Should Have Reversal Trading Knowledge. As Harmonic is One Of The Best Reversal Trading Strategy, But Always Remember That Harmonic Patterns Also Can Fail (there is no holly grail In Stock Market). That's Why One Should Must Have Knowledge Of Reversal Trading To Trade On Harmonic Patterns.
📌 That Dash Line Is Called PRZ, From That Dash Line To that Horizontal Simple Line Area Is Whole PRZ(Price Reversal Zone).
(PRZ :- Potential Reversal Zone, SL :- Stop Loss, TF :- Time Frame)
PRZ 1 :- 1667.05
SL :- 1469.40 (Closing Basis)
Target 1:- 1849
Target 2:- 2008
Target 3:- 2149 and more Trailing basis
******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade on them. We are not SEBI registered.