Metro Brands atteempting BreakoutMetro Brands is attempting a breakout and a solid close above 920 should initiate a buy with 920 being your stop loss.
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About METRO BRANDS LTD
Sector
Retail Trade
Industry
Apparel/Footwear Retail
CEO
Nissan Joseph
Website
metrobrands.com
Headquarters
Mumbai
Founded
1947
ISIN
INE317I01021
Metro Brands Ltd. manufactures and retails footwear. Its brands include Metro, Mochi, Walkway, Da Vinchi and J. Fontini. Metro Brands also offer accessories such as belts, bags, socks, masks and wallets. The company was founded in 1947 and is headquartered in Mumbai, India.
"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 76
METROBRANDThe 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.
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METRO BRANDSMETRO BRANDS
Trendline breakout
Retest also done
Looks good on chart for Target : 900 / 938+
Stop loss : 830 on CB
Just for educational purpose only .
Metro Band looking good for investment #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%
Metro Brand ready to become Metro Train!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.
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 su
Descending Triangle BO- Descending Triangle BO
- Increased Volume + Good candle on BO
- Trading Above all major EMAs
Tip : BO is valid if it closes around or above CMP
Symmetrical Triangle - Breakout SoonStock is moving in Symmetrical Triangle range and soon could give a breakout
See all ideas
This info isn't a recommendation for what you should personally do, so please don't take the data as investment advice. As with any trade, always look first, then leap. Read more in the Terms of Use.
