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Short Term Buy on METROPOLIS

Short Term analysis of Metropolis Healthcare Ltd

Short Term Buy on METROPOLIS:- Metropolis Healthcare Ltd is mainly focused on diagnostics centres, across India, Africa, South Asia and the Middle East. Recently the have expanded over 150 new labs and 2800 collection centres.This is a positive growth for this stock in coming days. I have considered this equity stock for buying in Short Term because after continues fall for last four days, It is showing some reversal pattern in daily chart from the Marked support level of 1447 levels. 

Currently the Metropolis share price  is trading at 1453 levels and made a day high of 1469. Now in Daily and Hourly chart we can see a descending triangle pattern and if it able to break from this triangle pattern, which is above 1472 levels we have opportunities for enter in to the stock.

Targets for short term for Metropolis are 1490, 1510 as shown in the chart above. Now when we consider the stop loss, we can consider it below 1420 levels as marked the chart analysis given above. Wait for the levels to active to enter in to the stock.

Metropolis Healthcare Ltd share price above 1472 for targets of 1490,1510 with a stop loss below 1420 in coming days.

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Conclusion 

So, as discussed above, you can enter or buy Metropolis Healthcare Ltd share price above 1472 for targets of 1490,1510 with a stop loss below 1420 in coming days. Please wait the stock price to give a breakout from the above mentioned levels with good volume. That's all, wish you all a profitable investment on this. Also please note that all the Analysis posted here are for study purpose and invest at your own risk.