METROPOLIS - Technical Analysis

Last Updated Time : 02 Aug 25, 12:58 am

Technical Rating: 4.0

Here’s a detailed technical analysis of Metropolis Healthcare Ltd (METROPOLIS) based on the latest indicators and price action

📊 Trend Overview

Current Price: ₹1,950

50 DMA: ₹1,822 | 200 DMA: ₹1,810 → Price is above both DMAs, indicating a bullish trend.

RSI (57.5): In the bullish zone, suggesting positive momentum.

MACD (61.0): Strongly positive, confirming upward momentum.

Volume: Above average, indicating active participation and buying interest.

📌 Trend Status: Trending upward with strong momentum.

📈 Chart Patterns & Momentum Signals

Candlestick Patterns: Recent bullish candles with higher highs suggest trend continuation.

Bollinger Bands: Price near upper band, indicating strong momentum but also potential overextension.

Volume Trend: Rising volume supports the bullish breakout.

🧭 Support & Resistance Zones

Level Price (₹) Notes

Support 1 1,910 Minor pullback zone

Support 2 1,822 50 DMA, strong base

Resistance 1 1,980 Recent swing high

Resistance 2 2,050 Trendline resistance

Major Resistance 2,318 52-week high

🎯 Entry & Exit Strategy

Optimal Entry Zone: ₹1,910–₹1,930 (on minor pullback)

Exit Zone: ₹1,980–₹2,050 (short-term resistance)

Stop Loss: ₹1,880 (below support zone)

🧠 Summary

Momentum: Strong and bullish

Trend: Trending upward

Volatility: Moderate

Short-Term Outlook: Positive; watch for breakout above ₹1,980 with volume confirmation

Would you like to compare this setup with other diagnostic or healthcare stocks like Dr. Lal PathLabs or Thyrocare?

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