InvestSun

MOREPENLAB || Multiyear Breakout || Another Opportunity?

Long
NSE:MOREPENLAB   MOREPEN LABORATORI
Technical:
1)Breakout from Stage I - Consolidation zone after 19 years with good Volumes.
2)Breakout Retest with Volume dry-up.
3)Reversing from 61.80% Fibonacci Retracement .

Fundamental:
1)Posting good Quarterly as well as YoY results.
2)Substantial increase in ROCE.
3)Reduced its Debt and approaching Debt free.
4)Positive Cash Flow.

Excellent Stock to look forward to!!