PrasantaP

Chart Of The Year

Long
NSE:MOREPENLAB   MOREPEN LABORATORI
* Stock has given a Inverted H & S Pattern breakout on Monthly chart .
*If we look at the volume part, significant volume activity is witnessed at the time of neckline breakout .
*Price has also trading all the important moving averages.
*Considering all technical evidences we may see good up move in Morepen Lab .

CMP-65.00 RECO-Buy Entry Range-Rs.50.00 - 60.00 Target-95.00/150.00/220.00/280.00 Stop Loss-40.00 closing basis
Duration- 06 to 12 Months.


Thanks for reading and kindly let us know if you have any questions.

Comments

is this the right time to enter? TIA
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bought it at 67. should I try to exit or will it recover soon?
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PrasantaP famousIguana98016
@famousIguana98016, add at 55 to 50 area and hold
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i stuck at 69 shd i avg at 55?
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PrasantaP mkartikey2000
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it's at 62, should we wait for buy lower?
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PrasantaP addypaddytech
@addypaddytech, buy near 55.00
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sudhirag PrasantaP
@PrasantaP, how did you arrive at 55, please? just trying to learn.
Reply
@PrasantaP ok thanks!
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Very nice graph. Really amazing.
I will try for the buying opportunities near neck lines.
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