*METROPOLIS HEALTHC* Time Frame: 1 Hour Observation: * Mean (EMA) Diversion on hourly time frame. Resistance/Target: 1624 1750 1856 1905 Support: Dynamic Support of 200 EMA
a new fresh start, best stock for swing trading. check out the 21 MA too. the highlighted purple line is the actually price where the stock should be. the stock currently is very undervalued(because small caps did not perform well), but from now they will be good going, as the markets have been corrected. and nifty50 (containing blue chips) have raised, so now...
Matropolis health has created double bottom on daily and weekly chart
important level to observed support : 1378 , if broken , stock may slide to 1150. buy only above 1632 for target of 1822
Stock has been in severe downtrend. Long signal generated after long time Longs can be taken here
Metropolis Healthcare correction likely done 1st leg correction took 45 bars 67 days current leg down has completed 45 days 66 days positive divergence on daily charts risk reward is very good buy with SL of 1450 trgt 1850 2000 trgt might take some time for base formation
Bought few more qty for targets 1500/1600+++ #METROPOLIS Bought few more qty for targets 1500/1600+++ #METROPOLIS Bought few more qty for targets 1500/1600+++ #METROPOLIS
METROPOLIS looks good for busllish bet above 1628 for short term swing trading. one can enter above 1628 and hold hold with SL 1510 and can show short term target on 1700/1800/1900
#METEOPOLIS - #Myview 1.Fundamental Analysis PE- OVERVALUED Book Value- 10x Low of CMP Intrinsic Value- 2x low of CMP Poor Div Yield ROE & ROCE - Okay EPS- 41 from high of 110(Bad) Debt to Equity- Good. Trade Receivables- OK. OPM- GOOD (29%) Cash Reserves- okay Fixed Assets- okay Cash Flow- Negative Promoters-8% Stake Sold since Dec20 FIIs- PUMP & DUMP DONE IN...
METROPOLIS bounced from a strong weekly demand zone. If able to close above 2600, can give go till 3000.
Metropolis Healthcare has formed an very good "triangle base" after a sudden big bear run and gave a breakout. Divergences- RSI ,Squeeze Momentum entry - CMP Targets - T1 - 2500 ( 20% ) T2 - 3000 ( 46% ) T3 - 3500 ( 70% ) Stop Loss - SL - 1830 ( 10%) there's a very good chance of hit rate...
Its accumlating and forming a base to go higher Buy 30% now
Looks great for 6 month to 1 year horizon. SL is also favorable to RR Ratio. My SL would be around 1900
Buy and hold for upside target Do your own analysis before investing
look like upward movement targets - 2936,3093,3273 and maintain strict stop-loss of 2618
it have a support area around green zone and stock might reverse from here. trade with a stop of 2600 for long term traders and for short term traders wait for a daily candle to form in green color and stop loss should be previous day low. trade with strict stoploss
Yesterday it has broken its major resistance level and currently trading its all time high. Stock would most probably touch 3650 level in coming days. "Above Idea is for Study Purpose only, please consult your financial advisor before taking any position"
Price has taken support at crucial level. Support of 50 SMA is another confirmation.