Metropolis Healthcare cmp 2274.05 by Weekly Chart views since li*Metropolis Healthcare cmp 2274.05 by Weekly Chart views since listed*
- Price Band 2295 to 2355 Resistance Band
- Stock Price is well above the EMA 21 > 50 > 100 > 200 levels
- Volumes are steady over past few weeks indicative of probable accumulation
- Weekly Support at 2189 > 2052 > 1910 with Resistance at 2385 > 2505 > 2616
- 2+ year's long timeframe Bullish Rounding Bottom with neckline at Resistance Zone
- Falling Resistance and Rising Support Trendlines crossing for probable price upside momentum
Metropolisbreakout
Nice long setup in Metropolis HealthcA bullish flag & pole Chart Pattern Breakout on the Daily Time frame of NSE:METROPOLIS
Price Action supported by very good volume.
The stock is currently in uptrend making higher highs and higher lows.
One can add this stock into their stocks to buy list and initiate the long trade as per the levels mentioned on the chart
Stop loss will be on a Daily closing basis.
Trend Analysis :- UP Trend
Chart Pattern :- Bullish flag & pole Chart Pattern
Technical Indicator :- Positive MACD Crossover
Disclaimer: This is for educational purpose only.
METROPOLIS Looks Positive Keep an EyesTechnical Outlook medium team
NSE:METROPOLIS CMP :1506
Good buy zone:1480-1500
Above can Touch 1770 And then 2570+ in the coming Months
Major support level:1400
Fundamental Outlook
The Indian healthcare sector is expected to reach US$ 372 billion by 2022, driven by rising incomes, greater health awareness, lifestyle diseases and increasing access to insurance. Healthcare has become one of India’s largest sectors - both in terms of revenue and employment.
Healthcare comprises hospitals, medical devices, clinical trials, outsourcing, telemedicine, medical tourism, health insurance, and medical equipment. The structure of the healthcare delivery system in India consists of three broad segments: Primary care, Secondary care, and Tertiary care.
Primary care is the first point of contact between the population and the healthcare service providers. For example, Sub-center (SC), Primary Health Centre (PHC) and Community Health Centre (CHC) which is more relevant to rural areas (PHC’s).
Secondary care providers inpatient as well as outpatient medical services and includes simple surgical procedures. For example, District level & Mid-sized hospitals.
Tertiary care is the third level of the healthcare delivery system in the country. These hospitals are specialized consultative healthcare infrastructure. For example, Single specialty and Multi-specialty hospitals.
While healthcare services are offered by the public as well as private sectors, in urban as well as rural areas, generally people prefer private hospitals over public hospitals for treatment of diseases, illness, and sickness. So, let’s look into Metropolis Health. and its performance over the period of time.
Operating cash flow ratio: It measures the adequacy of a company’s cash generated from operating activities to pay off short-term financial obligations. Its cash from the operating activity was Rs 237.74 Cr.
Financial Strength: Health care organizations usually have high debt loads and low equity capital in their balance sheet. So, Debt to Equity ratio is important to analyze the company’s sustainability. Metropolis Health. has a Debt to Equity ratio of 0.09 , which is a strong indication for the company.
EPS growth: Investors should ensure the EPS figure is growing faster than revenue numbers because it indicates company management is increasing the efficiency with which it runs the company. In Metropolis Health. , the EPS growth was -30.42 % which is bad for the company.
Operating profit margin: It determines a company's potential earnings. It assesses how well-managed a company with respect to its basic overhead costs and other operating expenses, Metropolis Health. has OPM of 25.47 % which is a good sign for profitability.
ROE: Metropolis Health. have a average ROE of 15.82 %. ROE is an important financial parameter for hospitals & health care companies because they expand and grow rapidly. Therefore, ROE measures how efficiently a shareholder's fund is used to generate profits
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.
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.
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