Business Standard

Metro Brands, Bayer Crop are ready for range breakout, says Mehul Kothari

According to the technical analyst from Anand Rathi, Metro Brands can rally to Rs 910; while Bayer Cropscience can surge to Rs 5,200.

Markets, bulls, bears, stocks, trading, technicals, market technical, technical analysis
Web Exclusive Premium

Mehul Kothari Mumbai
Metro Brands
Buy Near: Rs 860
Target: Rs 910
Stop Loss: Rs 830

On the daily scale we are witnessing a range breakout in Metro Brands above Rs 860 mark. Along with price breakout; even the daily RSI is on the verge of clearing 60 level. We might witness some faster move on the upside once the price is supported with volumes.

Thus, we advise traders to buy the stock near Rs 860 with a stop loss of Rs 830.

Bayer Crop
Buy Near: Rs 4,900
Target: Rs 5,200
Stop Loss: Rs 4,750

We are witnessing a range breakout in Bayer Cropscience near Rs 4,880 and this breakout resembles inverse

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Dec 30 2022 | 8:23 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on are available only to BS Premium subscribers.

Register to