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VivekAggarwal

Buy Morepen Laboratories - Long Term Positional Call

Long
MOREPEN LABORATORI (NSE:MOREPENLAB)  
VivekAggarwal  
NSE:MOREPENLAB   MOREPEN LABORATORI
Trend Analysis Chart Patterns Technical Indicators morepenlabs LONG mediumterm Bullish Patterns Inverted Hammer bullishreversal
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trendanalysis chartpattern indicator morepenlabs long mediumterm bullish invertedhammer bullishreversal
I recommend to Buy Morepen Labs as a positional call for medium term. Charts of morepen labs shows that the stock is oversold in the market with unjustified pessimism. It's prime time to get into the morepen labs with targets of rs. 42.00 which can be seen within 12 months from now. It has created a Inverted Hammer Pattern which is a strong bullish reversal sign.
While the fundamentals of the company are very strong as company has shown growth in bottom line.
Strict stop loss must be placed at 18.00

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