Metropolis - Attractive Risk Reward Opportunity
Metropolis is a sophisticated and well spread brand in itself. It has corrected almost 45% from its high of 3500+. It is trading near its life time support trend line that is coming at around 1700. Stock was trading at 1800 levels today and it maintained its level at that price. However, with strong selling pressure in overall market, Metropolis may also take hit and may go down to around 1700 levels, but, as for now it is an attractive opportunity for the investors who can buy in 4-5 or more parts.
Important cautious price range would be 1680-1650 from where it may again try to bounce back. Those who consider it as a quality company and can invest their time and study on this, it is good for them.
I am not a SEBI registered analyst or advisor and whatever studies I am putting upon this platform are just for study perusal of readers and my own documentation of my studies. Please note that I am not a very long term investor and I keep changing my position as per time and price, so I may or may not be holding the suggested stocks at any given point of time.
Important cautious price range would be 1680-1650 from where it may again try to bounce back. Those who consider it as a quality company and can invest their time and study on this, it is good for them.
I am not a SEBI registered analyst or advisor and whatever studies I am putting upon this platform are just for study perusal of readers and my own documentation of my studies. Please note that I am not a very long term investor and I keep changing my position as per time and price, so I may or may not be holding the suggested stocks at any given point of time.