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METRO BRANDS LTDMETRO BRANDS LTDMETRO BRANDS LTD

METRO BRANDS LTD

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METROBRAND trade ideas

METRO BRANDS LTD S/RSupport and Resistance Levels: Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline. Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down. Breakouts: Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold. Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying. 20 EMA (Exponential Moving Average): Above 20 EMA(50 EMA): If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum. Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum. Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set. Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward. Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop. RSI: RSI readings greater than the 70 level are overbought territory, and RSI readings lower than the 30 level are considered oversold territory. Combining RSI with Support and Resistance: Support Level: This is a price level where a stock tends to find buying interest, preventing it from falling further. If RSI is showing an oversold condition (below 30) and the price is near or at a strong support level, it could be a good buy signal. Resistance Level: This is a price level where a stock tends to find selling interest, preventing it from rising further. If RSI is showing an overbought condition (above 70) and the price is near or at a strong resistance level, it could be a signal to sell or short the asset. Disclaimer: I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
NSE:METROBRAND
by zenthosh
Metrobrand is getting ready to board the flight #superchartzKey Levels: Support: 1050 Resistance: 1170 -1200 Read the write-up: 1. **Positive Momentum**: An uptrend breakout signals a shift in momentum from consolidation to upward movement, indicating potential gains for traders and investors. 2. **Confirmation of Strength**: A successful BO confirms the underlying strength of the uptrend, validating the trend's sustainability and attracting more participants to the market. 3. **Entry Point**: Traders often use BOs as entry points to establish new positions, taking advantage of the increased potential for price appreciation in the ongoing uptrend. 4. **Technical Breakout**: Uptrend BOs often breach key resistance levels, serving as technical signals to traders that the market is overcoming hurdles and continuing its upward trajectory. 5. **Psychological Impact**: Uptrend BOs can have a psychological impact on market participants, boosting confidence and attracting more buyers, potentially fueling further price increases. 6. **Volume Confirmation**: A surge in trading volume during an uptrend BO provides additional confirmation of market participants' interest and conviction in the upward movement. 7. **Trend Continuation**: An uptrend BO suggests that the existing trend is likely to continue, offering traders an opportunity to ride the trend and potentially capitalize on extended gains. 8. **Breakout Patterns**: Various chart patterns, such as flags, pennants, or ascending triangles, can lead to uptrend BOs, offering traders the ability to spot potential opportunities. 9. **Risk Management**: Traders often place stop-loss orders below the breakout point, helping to manage risk and protect their investments if the breakout fails. 10. **Investor Attention**: A notable uptrend BO can attract media coverage and investor attention, potentially leading to increased market activity and liquidity. Remember, while uptrend BOs can offer attractive opportunities, it's important to consider other factors, such as overall market conditions, fundamental analysis, and risk tolerance, before making trading decisions.
NSE:METROBRANDLong
by SuperChartz
2
Metro Brand posted strong results: will this make new highs?Metro Brands (MBL; CMP: Rs 875; Market cap: Rs 23,782 crore) posted a strong set of results in Q3FY23. Contrary to the commentary by various retail companies, which indicated some softening in demand in the post-festive period, MBL witnessed continued strong momentum towards the end of the quarter as well. MBL has a huge runway for growth and it is fast expanding its store network. The acquisition of Fila and Proline brands via the Cravatex Brand acquisition fills a key gap in the MBL product portfolio, and has a huge growth potential in the long run. Sales of accessories, and continued focus on premium products will provide additional growth triggers. Market Cap ₹ 23,208 Cr. Current Price ₹ 854 High / Low ₹ 981 / 446 Stock P/E 64.2 Book Value ₹ 52.5 Dividend Yield 0.29 % ROCE 19.9 % ROE 20.2 % Face Value ₹ 5.00 Debt ₹ 805 Cr. EPS ₹ 13.3 PEG Ratio 3.47 Promoter holding 74.2 % Intrinsic Value ₹ 193 Pledged percentage 0.00 % EVEBITDA 33.3 PROS:- Company has been maintaining a healthy dividend payout of 37.6% CONS:- Stock is trading at 16.3 times its book value The company has delivered a poor sales growth of 8.09% over past five years Yar bhai log company to achi hai bahut,,results bhi ache he aye hain dekho ye sayad new high banane ki taraf ja skta hai very soon mera target isme 1100+ hai..kisi ko stop loss lagana hai to laga do 785 ke aspas. Bhai log agar mera ye work sach me ap log ko pasand aa rha h to please like and follow kro mere ko. Thankyou.
NSE:METROBRANDLong
by TraderRahulPal
METROBRAND - Bullish Swing ReversalNSE: JINDALSTEL is closing with a bullish swing reversal candle supported with volumes. Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been moving along the horizontal support for the past few days which is indicating demand. One can look for a 8% to 12% gain on deployed capital in this swing trade. The view is to be discarded in the event of the stock breaking previous swing low. #NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade Disclaimer: This is for educational purposes only.
NSE:METROBRANDLong
by BrahmaBull31
Metro Brand India Sun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series Focus: Worldwide By Sun Storm Investment Research & NexGen Wealth Management Service A Profit & Solutions Strategy & Research Trading | Investment | Stocks | ETF | Mutual Funds | Crypto | Bonds | Options | Dividend | Futures | USA | Canada | UK | Germany | France | Italy | Rest of Europe | Mexico | India Disclaimer: Sun Storm Investment and NexGen are not registered financial advisors, so please do your own research before trading & investing anything. This is information is for only research purposes not for actual trading & investing decision. #debadipb #profitsolutions
NSE:METROBRAND
by Sunstorminvest