METROPOLIS trade ideas
METROPOLIS - RSI assited reversal in trend METROPOLIS - RSI assisted mean reversion.
Look at how the stock reacts, whenever the RSI comes near the demand zone.
We have a similar situation now.
Keep on radar.
Long On Metropolis Breakout and RetestMetropolis Healthcare is at good level after breakout. Looks good for a 20% target. SL can be placed just below near previous lows if needed.
MetropolisBuy at CMP. Target 3100, 3230. SL 2600
Double bottom formation and break out of resistance 2782. Sustaining well above 50 ema.
Metropolis - Looking good on ChartAfter consolidating for a month stock has broken previous high. Decent volume is also there. Stock should give good return here
METROPOLIS - BO DONEMETROPOLIS breakout last day with very immense volumes. The stock was being accumulated highly near its last resistance zone(now short term support) and gave BO recently.
- Extremely bullish on higher TFs
- Strong base of 1800 levels
One can go long here @2500 levels and accumulate in dips 2200-2300
Keeping SL 1800 on WCB
METROPOLISADD METOROPOLIS 2522/2433 WE SEEN 2612/2728/2828/2929/3132+
VIEW INVALID BELOW 2250 WCB
NOTE: ALL VIEWS ARE EDUCATION PURPOSE ONLY.
METROPOLIS LOOKS BULLISH IN WEEKLY CHARTit gave breakout and tested to that zone. now it looks bullish on charts.
Likely to break current Resistance Statistical Brief
Market Cap₹ 11,479 Cr.
Current Price₹ 2,246 High / Low₹ 2,323 / 1,150
Debt to equity0.10 EPS₹ 26.9 ROCE40.1 %
ROE30.6 % ROE 3Yr29.1 % ROE 5Yr28.2 %
Return over 1year74.8 % Return over 3years% Return over 5years%
Profit after tax₹ 142 Cr. Profit Var 3Yrs15.6 % Profit Var 5Yrs19.2 %
Promoter holding50.4 % Pledged percentage5.44 %
Stock P/E80.7 Industry PE38.5
Current Resistance @ 2247 Trend Positive
Target - First 3016 Target - Second 4317
Support 1878 Pattern " W "
Metropolis: Short Term Bearish; Medium Term Bullish1. Metropolis has formed a Hanging Man Pattern on the daily chart indicating a downside upto 2100 levels based on Fib-Retracement.
2. Once it bounces back upside is seen towards 2350 levels once 2200 levels are crossed.
3. 2200 level form an important resistance to break as seen in the past few days.
4. The trendlines indicate a good bullish outlook further.
#Metropolis HelathcareThe stock is moving towards the oversold territory. The stock can be accumulated around 1950-1980 range for a 10% move on the upside!
long opprtunity on metropolis health carereasons:-
1)bullsih breakout
2)closing above a psychological resistance of 2000
3)rsi trendline breakout
4) price above all major moving averages.
5)price making continous higher lows and was accumalating at the resistance zone and then gave a brekout.
Metropolis Health careRise in the activity of health care in india, it is second largest in india in hospital sector. it has diagnostic center in south africa,south asia and middle east.
Metropolis long#Metropolis above 2109 target 2200 2300 2500 2700+ breakout retest zone 1900 Sl 1800 dcb
Metropolis long#Metropolis above 2109 target 2200 2300 2500 2700+ breakout retest zone 1900 Sl 1800 dcb
