Yes2Profits

MOREPENLAB: Ascending Triangle and Cup and Handle Patterns BO

Long
NSE:MOREPENLAB   MOREPEN LABORATORI
Morepen is brilliantly placed in charts with 2 Bullish patterns emerging, indicating an upswing.
In my opinion, the stock can easily add 10% from the current levels in a very short span of time.

Can be bought at current levels, keeping a stop loss at 67.

Supporting Technicals:
RSI: 64.3 ( bullish but not overbought)
ADX: 28.3 (indicating strong trend)
MACD is above its center and signal Line, this is a bullish indicator.

P.S: This idea is for educational purposes only and should not be construed as an investment advice.
Trade closed: stop reached