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METRO BRANDS LIMITED

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METROBRAND trade ideas

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
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
You will never walk alone #SuperChartzKey Levels: Support: 1000 Resistance: 1130, 1190 1230 Write-up: Darvas Box breakout trading is a trading strategy developed by Nicolas Darvas, a dancer turned investor, in the 1950s. It focuses on identifying and trading stocks or assets that break out of a predefined price range or "box." 1. **Simple and Objective:** Darvas Box trading is straightforward to understand and implement. It relies on clear rules based on price movement, making it suitable for both beginners and experienced traders. 2. **Trend Following:** It helps traders identify and follow strong trends in the market. When a stock breaks out of its box, it often indicates the start of a significant trend, allowing traders to ride the momentum. 3. **Risk Management:** The strategy includes a predefined stop-loss level, typically set just below the bottom of the box. This disciplined approach to risk management helps traders limit potential losses. 4. **No Emotion Trading:** By relying on objective criteria (breakout from the box), traders can avoid emotional decision-making, which often leads to impulsive trades. 5. **Volatility Adaptability:** The Darvas Box strategy can be adapted to different time frames and asset classes, making it versatile in various market conditions. 6. **Visualization:** The technique uses a visual representation of price ranges, making it easy to spot potential breakouts and trends. 7. **Long-Term Success:** Nicolas Darvas achieved significant success using this strategy, turning a relatively small investment into a substantial fortune. His story serves as inspiration for traders. 8. **Scan and Screen Stocks:** Traders can use scanning and screening tools to identify stocks that are currently in a Darvas Box pattern, saving time in research. 9. **Exit Signals:** While the strategy focuses on entry points, it also provides guidelines for exiting positions, often based on the stock falling back into the box or breaking the stop-loss level. 10. **Continuous Learning:** Like any trading strategy, Darvas Box trading requires continuous learning and adaptation to changing market conditions. Traders need to refine their skills over time. Remember that while Darvas Box breakout trading has its advantages, no trading strategy is foolproof. It's essential to combine it with proper risk management and a well-thought-out trading plan to maximize its effectiveness and minimize potential losses. Additionally, always be aware of the inherent risks in trading and consider seeking advice from financial professionals.
NSE:METROBRANDLong
by SuperChartz
1
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