Trade Setup – NSE METROBRAND, SEQUENT & FEDERALBNK

METROBRAND – Elliott Wave Projection

METROBRAND has been stuck in a messy correction and keeps getting rejected from the upper trendline, showing that sellers are still stronger at higher levels. It recently bounced, but the price is still below both the 100-day and 200-day moving averages, which signals weak momentum and no clear uptrend yet. Right now, the move looks more like a temporary pullback rather than the start of a fresh rally. Breakdown of D at 1090 will trigger the fall

After completion of the Z leg, traders can long for the following targets: 1072 – 1250 – 1400+.

We will update further information for premium members soon.

NSE SEQUENT – Bull Dominance

SEQUENT has finally broken above a major resistance level with a strong bullish candle, indicating that buyers are in control. The EMA crossover earlier signaled a trend change, and the price has been moving steadily higher since. Volume jumped during the breakout, adding confidence to the move. The stock is trading well above both EMAs, reflecting solid momentum. Overall, the trend looks strong as long as the breakout level holds.

If the price sustains above 239.5, traders can long for the following targets: 250 – 260 – 271+.

Free Subscribers can take the previous day’s low as an invalidation level.

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NSE FEDERALBNK – Premium Setup

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