Metropolis Healthcare LTD - Multiple Indicators + Just a View📊 Script: METROPOLIS (METROPOLIS HEALTHCARE LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: NIFTY500 / NIFTY MIDCAP
📊 Sector: Healthcare
📊 Industry: Healthcare Service Provider
Key highlights: 💡⚡
📈 Script is trading at upper band of Bollinger Bands (BB) and it may give breakout of it.
📈 MACD is giving crossover.
📈 Double Moving Averages may also give crossover.
📈 Volume is increasing along with price.
📈 Current RSI is around 59.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 1505
🟢 Target 🎯🏆 - 1632
⚠️ Stoploss ☠️🚫 - 1441
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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Happy Navaratri 🕉️ 💃🏻🕺🏻
Happy learning with trading. Cheers!🥂
METROPOLIS trade ideas
METROPOLIS bull rally started!!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 its time for small and mid caps to give a bull rally.
LINK OF NIFTY MID CAP ANALYSIS DOWN IN LINK SECTION.
Metropolis Healthcare.. bottom done?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
Metropolis Postmartem#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 LAST 3 YEARS
DIIs- INCREASED STAKE BY 10%
Retailers- 8% Stake sold since Dec20.
Overall FUNDAMENTAL REVIEW-
STOCK IS OVERVALUED, COMPANYS BUSINESS ACTIVITY IS OKAY BUT PERFORMANCE DOWN IN COMPARISON WITH DEC2019 & SINCE then Promoters started selling their stake which is ALARMING Situation - not good signal for any company.
Final Rating- Poor
2.TECHNICAL Analysis
CMP-1605
Stock below 200DMA- DOWNTREND
Strong Support-1000
Best Level- 1000-1100(Safe)
Agressive Levels- 1200-1450.
Shared for Study Purpose Only & it's my view, i am not SEBI REGISTERED ANALYST, pls do your own research before investing.
45 % ? Long in Metropolis HealthcareMetropolis 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 as the fall was very sharp. ;)
Have a nice day.
. .
U