Metro Brands – Technical Analysis, Support and Resistance

The stock

is currently trading around ₹959. The broader chart structure remains weak, with the stock forming lower highs from the ₹1300–₹1350 zone. Recently price found support near ₹900–₹920 and has started showing a small recovery but a clear trend reversal is not confirmed yet. Immediate support is around ₹930–₹920 where the recent decline found buyers. Below this ₹900 is an important psychological and price-action support. A decisive close below ₹900 could increase selling pressure toward the ₹850–₹820 zone. Immediate resistance is around ₹980–₹1000 followed by ₹1030–₹1050. The ₹1050–₹1100 zone is a stronger supply area because previous rallies faced selling pressure there. A strong breakout above ₹1050 with volume can improve the structure. Short-term buyers should avoid chasing the stock near resistance and preferably wait for a breakout above ₹1000–₹1050 with strong volume or a confirmed reversal from ₹920–₹930 support. Existing holders can hold while ₹920 remains protected. Below ₹900 the setup becomes weak and risk increases. Overall the stock is neutral-to-bearish until a clear higher-high breakout occurs.