🖊️ Metropolis Healthcare Weekly – RSI Bullish Divergence with Strong Reversal Attempt

📊 1. Price Action & Pattern After a prolonged downtrend, Metropolis Healthcare has staged a sharp recovery from its recent lows, breaking past multiple falling trendlines. The move is supported by a clear bullish divergence on RSI, indicating a potential shift in momentum from bearish to bullish. 📈 2. Key Levels Immediate Support: ₹1955 Immediate Resistance: ₹2110 (recent rejection point & key horizontal resistance) 📉 3. Indicators Volume: Noticeable spike during the recovery phase, highlighting institutional buying interest. RSI: Currently at 64.81, recovering strongly from oversold territory; bullish divergence confirmed. 🧠 Technical Summary Trend: Attempting to reverse into an uptrend after steep correction. Setup: Bullish divergence + volume confirmation could trigger a breakout if ₹2110 is breached on closing basis. Trigger Point: A decisive weekly close above ₹2110 may open up higher levels, while ₹1955 remains a crucial pivot support. 🔎 Conclusion “Metropolis Healthcare shows encouraging signs of a reversal, with RSI divergence and strong volume participation. ₹2110 will be the key breakout level to watch for sustained bullish momentum.” 📢 Disclaimer: This is for informational purposes only. Nothing herein constitutes a buy or sell recommendation. I may or may not be holding a position in the stock mentioned. 🧑‍💼 Rajneesh Sharma is a SEBI-registered Research Analyst (Reg. No. INH000020332). 📄 Investments are subject to market risks. Read all related documents carefully before investing.