METRO BRANDS LTDLong
METROBRAND
The stock had been consolidating in a Triangle pattern since last few months.
Now, prices have registered a breakout.
Weekly RSI also shows a breakout along with Weekly MACD turning positive.
In the past, the breakout has resulted in a strong rally to 261.8% FR level, so target would be 1370.
Pattern remains valid as long as the stock trades above Rs.750.
Now, prices have registered a breakout.
Weekly RSI also shows a breakout along with Weekly MACD turning positive.
In the past, the breakout has resulted in a strong rally to 261.8% FR level, so target would be 1370.
Pattern remains valid as long as the stock trades above Rs.750.
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