Metropolis Healthcare || Shorting Idea ||
Stock very week and in daily chart give major breakdown below its support level and also with good volume
On weekly chart also stock trading at its major support level and looks week
But stock may be show little upside move as it already shown red candle back to back
So in case stock moves upward then 1800 will act as strong resistance and then downfall can be anticipated from there.
In such case, if it takes rejection from 1800, short below 1790.
In case of gapup, wait for rejection from 1800 levels.
And if gapdown then avoid setup.
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Note:
Above levels are for education purposes only
Do your own analysis before taking any trade
Please Like & Follow
Stock very week and in daily chart give major breakdown below its support level and also with good volume
On weekly chart also stock trading at its major support level and looks week
But stock may be show little upside move as it already shown red candle back to back
So in case stock moves upward then 1800 will act as strong resistance and then downfall can be anticipated from there.
In such case, if it takes rejection from 1800, short below 1790.
In case of gapup, wait for rejection from 1800 levels.
And if gapdown then avoid setup.
----
Note:
Above levels are for education purposes only
Do your own analysis before taking any trade
Please Like & Follow