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METROPOLIS HEALTHCARE LTDMETROPOLIS HEALTHCARE LTDMETROPOLIS HEALTHCARE LTD

METROPOLIS HEALTHCARE LTD

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METROPOLIS trade ideas

Metropolis Healthcare - Technical analysis Metropolis Healthcare Ltd. (MHCL): A Technical Analysis Background: Metropolis Healthcare Ltd. is a leading provider of diagnostic services in India. It offers a comprehensive range of laboratory tests and imaging services, catering to both individuals and healthcare institutions. Technical Analysis: Key Observations from the Chart: * Long-term Upward Trend: The stock has been in a long-term uptrend since 2020, with consistent higher highs and higher lows. * Recent Consolidation: The stock has been consolidating in a range between 1800 and 2300 for the past few months. * EMA Crossover: The 10-day EMA has crossed below the 50-day EMA, signaling a potential bearish trend. * RSI (Relative Strength Index): The RSI is currently below 50, indicating bearish momentum. * MACD (Moving Average Convergence Divergence): The MACD line has crossed below the signal line, confirming a bearish crossover. * Bollinger Bands: The stock price is trading near the lower band of the Bollinger Bands, suggesting oversold conditions. Potential Future Movement: Given the current technical indicators, the stock is likely to continue its consolidation phase in the short term. However, the long-term uptrend remains intact. A breakdown below the 1850 support level could trigger a further downside move. On the other hand, a breakout above the 2600 resistance level could signal a resumption of the uptrend. Support and Resistance Levels: * Support: 1850 * Resistance: 2600 Trading Strategy: Entry: * Buy: Wait for a breakout above the 2600 resistance level with a stop-loss below the 1850 support level. * Sell: A breakdown below the 1850 support level could be a good opportunity to initiate a short position with a stop-loss above the 2600 resistance level. Exit: * Profit Target: For a long position, target the next resistance level, which could be around 2600. For a short position, target the next support level, which could be around 1700. * Stop-Loss: A stop-loss order should be placed to limit potential losses. Disclaimer: This analysis is based on technical indicators and past price movements. It is not a recommendation to buy or sell the stock. It is important to conduct your own research or consult with a financial advisor before making any investment decisions. Additional Considerations: * Fundamental Analysis: It is crucial to consider the company's fundamentals, such as its financial performance, growth prospects, and competitive landscape. * Risk Management: Always practice proper risk management by diversifying your portfolio and using stop-loss orders. * Market Sentiment: Keep an eye on market sentiment and news related to the company and the broader market. Please note that this analysis is for informational purposes only and should not be taken as financial advice.
NSE:METROPOLIS
by Stock_market_signals
1
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
NSE:METROPOLIS
by PIYUSHCHAVDA
Metropolis Healthcare Ltd - Breakout Setup, Move is ON...#METROPOLIS trading above Resistance of 2243 Next Resistance is at 2558 Support is at 1850 Here is previous chart: 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:METROPOLISLong
by MandeepSinghKohli
1
Metropolis Healthcare for 140%+ gainsDate: 12 Oct’24 Symbol: Metropolis Timeframe: Weekly Metropolis Healthcare seems to be in Wave 3 in larger timeframe which is heading towards its all time high (ATH) of 3575 (~57% from current price of 2275) as seen in the chart. Wave 4 is likely to come down to around 2700 levels and in Wave 5, it could target 5500-6000 (140%+ from current price). A good year ahead likely for this diagnostic company. Interestingly, the waves could also coincide with a Cup & Handle pattern formation as seen in the chart. Please note this is a long shot so take it with a pinch of salt. However, one can be confident to enter until the ATH (whatever route the price movement takes). This is not a trade recommendation. Please do your own analysis. And I’ve the right to be wrong. Aisa lagta hai ki Metropolis Healthcare badi samay seema mein Wave 3 mein hai, jo 3575 ke apane sarvakaalik uchch (ATH) (2275 ki vartamaan keemat se ~57% high) ki or badh raha hai, jaisa ki chart mein dekha gaya hai. Wave 4 ke 2700 ke star tak neeche aane ki sambhaavana hai aur Wave 5 mein, yeh 5500-6000 (maujooda keemat se 140%+) ka lakshya rakh sakta hai. Is diagnostic company ke lie aane vaala saal achchha rahane kee sambhaavana hai. Dilchasp baat yah hai ki Waves Cup aur Handle ke gathan ke saath bhee mel kha sakti hain jaisa ki chart mein dekha gaya hai. Kripya dhyaan den ki yah ek lamba shot hai isliye ise thodi satarkta se trade karein. Haalaanki, koi bhi ATH (keematon mein utaar-chadhaav chaahe jo bhee raasta apanae) tak pravesh karne ke lie aashvast ho sakta hai. Yeh koi trade karne ki salah nahin hai. Kripya apna vishleshan swayam karen. Aur mujhe galat hone ka adhikaar hai.
NSE:METROPOLISLong
by DhandhaPaani
Metropolis Health care is getting ready for the moveMetropolis Health care is getting ready for the move. The price of Metropolis Health Care has started trading above 200 SMA on weekly chart and also above relevant support level. The price is trading in narrow zone. The price should rise and go up to previous high of 3500. The RSI is also showing sign of strength on relevant chart. On daily chart the relevant moving averages are arranged in ascending order and price is trading above them. Since this stock has become area of interest because of weekly chart the results should come in between 3 months to a year. The above analysis is for education and learning purposes, it is not a buy or sell call.
NSE:METROPOLISLong
by MAMKHOR
3