METROPOLIS - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 3.4

Here’s a detailed technical analysis of Metropolis Healthcare Ltd (METROPOLIS)

📊 Trend Overview

Current Trend: Mildly bearish

Phase: Consolidating with downside bias

Bias: Neutral to negative, with weakening momentum and resistance near key moving averages

📈 Technical Indicators Analysis

🔹 Moving Averages

50 DMA: ₹2,045

200 DMA: ₹1,899

Current Price: ₹2,047

Price is hovering around the 50 DMA and above the 200 DMA → signals indecision

No clear crossover → confirms consolidation phase

🔹 RSI (Relative Strength Index)

RSI: 43.4

Below neutral zone → weak momentum

No oversold signal yet, but approaching support levels

🔹 MACD (Moving Average Convergence Divergence)

MACD: -2.54

Negative MACD → confirms bearish momentum

No bullish crossover → trend remains weak

🔹 Bollinger Bands

Price near middle band → consolidation zone

Bands are narrowing → low volatility

No breakout or squeeze pattern visible

🔹 Volume Trends

Current Volume: 35,053

1-Week Avg Volume: 64,266

Volume is significantly below average → weak participation

Suggests lack of institutional conviction

📌 Support & Resistance Levels

Level Price (₹) Commentary

Support 1 2,000 Minor support zone

Support 2 1,950 Previous swing low

Resistance 1 2,100 Immediate ceiling

Resistance 2 2,200 Intermediate resistance

Resistance 3 2,318 52-week high, major breakout level

🎯 Entry & Exit Zones

Optimal Entry Zone: ₹1,950–₹2,000 (on pullback near support)

Exit Zone / Profit Booking: ₹2,200–₹2,318 (resistance and breakout target)

🔍 Momentum Signals

Short-Term: Weak momentum, MACD and RSI not confirming strength

Medium-Term: Consolidation likely to continue unless price breaks above ₹2,100 with volume

Volume: Needs improvement for any meaningful breakout

🧭 Conclusion

METROPOLIS is currently consolidating with bearish undertones. Technical indicators show indecision, and the price is struggling to reclaim the 50 DMA. Traders may consider accumulating near ₹1,950 with a tight stop-loss, targeting ₹2,200–₹2,318 if volume confirms a breakout.

Sources: ET Money Technicals

1

, Trendlyne

2

, WalletInvestor Forecast

3

Would you like to compare this setup with other diagnostic or healthcare stocks for sector rotation?

1

www.etmoney.com

2

trendlyne.com

3

walletinvestor.com

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