#StockMarket #StockIdeas #StocktoWatch #ShortIdeasMetropolis Healthcare || Shorting Idea ||
Stock very week and in daily chart give major breakdown below its support level and also with good volume
On weekly chart also stock trading at its major support level and looks week
But stock may be show little upside move as it already shown red candle back to back
So in case stock moves upward then 1800 will act as strong resistance and then downfall can be anticipated from there.
In such case, if it takes rejection from 1800, short below 1790.
In case of gapup, wait for rejection from 1800 levels.
And if gapdown then avoid setup.
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Note:
Above levels are for education purposes only
Do your own analysis before taking any trade
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Metropolis
Metropolis - Important levels for swing tradeKey highlights:
- Metropolis is about 50% down from the highs.
- The selling pressure seems to be slowing down
- 1800 has been good support in the past.
- 2300 is now a flip level
- Supply zone at 2450-2500
- Lower support at 1500
Disclaimer : This is NOT investment advice. This post is meant for learning purposes only. Invest your capital at your own risk.
Happy learning. Cheers!
Rajat Kumar Singh (@johntradingwick)
Community Manager (India), TradingView
Metropolis - Attractive Risk Reward OpportunityMetropolis is a sophisticated and well spread brand in itself. It has corrected almost 45% from its high of 3500+. It is trading near its life time support trend line that is coming at around 1700. Stock was trading at 1800 levels today and it maintained its level at that price. However, with strong selling pressure in overall market, Metropolis may also take hit and may go down to around 1700 levels, but, as for now it is an attractive opportunity for the investors who can buy in 4-5 or more parts.
Important cautious price range would be 1680-1650 from where it may again try to bounce back. Those who consider it as a quality company and can invest their time and study on this, it is good for them.
I am not a SEBI registered analyst or advisor and whatever studies I am putting upon this platform are just for study perusal of readers and my own documentation of my studies. Please note that I am not a very long term investor and I keep changing my position as per time and price, so I may or may not be holding the suggested stocks at any given point of time.
Target 1 achieved in METROPOLIS. Gain of 23%. Target 2 is ON...This is follow-up on Metropolis Healthcare.
Target 1 achieved. Gain of more than 23%. Target 2 is ON.
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.
🏥 #MetropolisHealthCare Swing Opportunity 🎯NSE: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).
******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.
METROPLOIS HEALTHCAREYou can enter Metropolis Healthcare above 3330 with Stoploss 3090. Keep a target of P&L 1:1 and enter into log trade. Target approx: 3560
Trading system Logic: RSI13 just crossed 60 above SMA 20. Stock is in Upward trend. Most vital: Entry only above 3330.
The idea is for educational purposes only. For any loss, the Author is not responsible.
BUY AND HOLD METROPOLIS HEALTHCARE Posting this pre-breakout.
NSE:METROPOLIS has consolidated for 6 months after giving a breakout from previous resistance trendline. The stock has so far faced 7 rejections from its new resistance trend line. A breakout from this trendline will be extremely bullish and can gain very high momentum.
Look to enter after breakout at 3500-3600 or at the support trendline at 2900-3000 levels. (incase the stock retraces back).
Company also has decent fundamentals. One can buy and hold for long term investment.
metropolisNote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
3. Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
4. To learn more about patterns, Psychology behind the trade, and price action trading... contact us... Thanks...
Keep an eye ladies and gentlemen. Cheers and Happy Trading
metroplois heath harmonic analysisAs we can see it completed bullish journey according to pattern till 3158 though it surpassed this level and made high of 3235 but was fake breakout as shown on chart.
But resistance is resistance it will ultimately had to fall towards resistance. now i have shown support zones on chart and for fresh long everything has been shown T1:3306 T2: 3600 AND finale at T3: 3490
good luck
Our most harmonic pattern hit the target, it takes efforts to study technical analysis so if you like the idea, please share & like the idea thanks
METROPOLISNote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
4. To learn more about patterns, Psychology behind the trade, and price action trading... contact us... Thanks...
Keep an eye ladies and gentlemen. Cheers and Happy Trading
SWING TRADERS - Must have on your radar- CLOSE TO BOQUICK FUNDAMENTALS - For the quarter ended 31-03-2021, the company has reported a Consolidated Total Income of Rs 293.80 Crore, up 5.49 % from last quarter Total Income of Rs 278.52 Crore and up 39.87 % from last year same quarter Total Income of Rs 210.05 Crore. Company has reported net profit after tax of Rs 61.32 Crore in latest quarter.
Consolidating in a range and looks primed for a BO
It's a good positional buy too. I have taken entry today. Let's see
My Target - 3500
Chart Study - Not a call, Watch out for the SL