The stock has been holding support levels and good volumes lately.
A close above all EMA (1165) can bring more bullish momentum in the stock.
This idea is for educational purpose only.
It's not a BUY/SELL recommendation.
Learn & Earn,
Dr. Tanya Kumar
- Metrobrand is currently looking perfect for an entry
- Kindly note that this stock is highly volatile and quite fast in liquidating stops
- In order to avoid that prefer entering once the liquidity grab is done
- I would suggest keep your risk low in every setup as I am bearish on the overall market
#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...
#METROBRAND trading above Resistance of 1072
Next Resistance is at 1323
Support is at 862
Here are previous charts:
Chart is self explanatory. Entry, Resistances and Support 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...
-It is one of the largest Indian footwear & accessories specialty retailers and are among the aspirational Indian brands in the footwear category.
-Market Cap
₹ 30,966 Cr.
-ROCE
24.3 %
-InstHold
8.33 %
-Growth CAGAR 3 years
Sales 18%
PAT 31%
ATH Breakout with Volume
Key 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...
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...
METROBRAND:- 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...
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...
The stock had been consolidating in a Triangle pattern since last few months.
Now, prices have registered a breakout.
Weekly RSI also shows a breakout along with Weekly MACD turning positive.
In the past, the breakout has resulted in a strong rally to 261.8% FR level, so target would be 1370.
Pattern remains valid as long as the stock trades above Rs.750.
#METROBAND Looking very good for an explosive move!
✅ 9 month long consolidation
✅ Retesting primary trendline support
✅ Uptrend still intact on weekly charts
✅ Last 9 week - tight consolidation
Stop - 760 or 8.4%
Chart -> Metro Brands Daily
CMP: 845
Good Range: 800 to 840
Target: 885, 940
SL: 790
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
