Short term investment in METROPOLIS HEALTHCStock has given breakout on weekly resistance 2350.
After breakout price has retraced and now testing the previous resistance level with a good price action.
Watch the stock for a breakout with volume
METROPOLIS trade ideas
Metropolis Healthcare Flag breakout Flag pole length target 3200-3240 stop loss 2249 long near 2530-2500
DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The study provided is solely the personal views of my research. You are advised to rely on your judgment while investing/Trading decisions. Past performance is not an indicator of future returns. Investment is subject to market risks. Seek help of your financial advisors before investing/trading.
I may or may not trade this analysis
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DON'T MISS THIS POTENTIAL MULTIBAGGERStock is in clear uptrend and previous resistance zone has been turned support confirmed by good volumes bullish candle.
stock is fundamentally exceptional with huge sales & Eps growth.
FII stake in the stock has been on rise since past few quarters.
Stock is poised to take a good run from cmp 2524 keep Sl of 2250 & targets of 2982,3468
METROPOLIS - Watchlist stockStock is trading close to the demand zone. Wait for a bullish candle and enter the stock in this zone. Sl- 2133 DCB
Metropolis Daily Chart: Bullish FlagMetropolis at Support level and Forming Bullish Flag Pattern. Wait for BO. SL and TGT on Charts
Clear Bullish Flag Pattern in MetropolisTHE STOCK CLEARLY SHOWS BULLISH FLAG PATTERN IN METROPOLIS DAILY CHART, ONCE THE TREND LINE BREAKS T1:2490 AND ON DIPS START ACCUMULATING FOR T2:2700 IN A SHORT TERM BASE
FINDING POTENTIAL SUPPORTMETROPOLIS COMPLETED 5 IMPULSIVE WAVE ON MINOR DEGREE FOLLOWING WHICH IT IS CORRECTING RIGHT NOW.POINT IS WHERE IT WILL END AS STOCK IS IN CLEAR UPTREND AND GETTING LONG IS IDEAL TRADE ON THIS STOCK TO TAKE AS WAVE 3 OF INTERMEDIATE WILL BE STIPPER AND RAPID.
PRICE ZONE OF 2227-2211 CAN ACT AS GOOD SUPPORT REASON'S ARE AS FOLLOWS
1)PREVIOUS MULTIPLE HIGH'S WHICH ACTED AS RASISTANCE CAN NOW ACT AS SUPPORT WHICH COMES NEAR THE MENTIONED PRICE ON CLOSING BASIS.
2)50% RETRACEMENT OF ENTIRE SWING COMES@2227(WAVE 1),WHICH IS WHERE GENERALLY WAVE 2 CORRECTION END.
3)TODAY'S HIGH WHICH BRIEFLY CROSS 62% RETRACEMENT OF WAVE A@2509,REVERSED MEANING WE ARE DONE WITH WAVE B AND WAVE C PROJECTION OF 123.6% WAVE A FROM TODAY'S HIGH COMES @ 2211.
ONE SHOULD LOOK FOR A BULLISH CANDLE IF PRICE COMES BETWEEN 2227-2211 ZONE.IF WE ALSO GET GOOD VOLUMES ALONG WITH BULLISH CANDLE IN THIS ZONE THAN THAT WOULD BE ADDITIONAL CONFIRMATION.
METROPOLIS, TRADE ANALYSIS - HOW WE TRADED 6% BUMPER MOVEMETROPOLIS was spotted at 1:23PM when it was trading at 2305 levels.
It was recommended to buy above 2320 . Explained 4 factors which I used for this trade entry & exit.
Hope this helps in learning.
Thanks
Piyush Gupta
Learn & Earn
METROPOLIS: Darwas Box + Pennant BO! 🚀 Long-awaited BO after multiple strong pushes to resistance. SL: 2250
