Chart Of The Year Long

MOREPEN LABORATORINSE

Description

⋅ May 2, 2021 8:13 AM

* 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

Stockoholic_PearlCity

⋅ Jun 4, 2021 12:06 PM

is this the right time to enter? TIA

famousIguana98016

⋅ May 6, 2021 12:28 PM

bought it at 67. should I try to exit or will it recover soon?

PrasantaP

⋅ May 6, 2021 12:32 PM

@famousIguana98016, add at 55 to 50 area and hold

mkartikey2000

⋅ May 5, 2021 2:32 PM

i stuck at 69 shd i avg at 55?

PrasantaP

⋅ May 5, 2021 2:53 PM

@mkartikey2000, yes

addypaddytech

⋅ May 5, 2021 11:38 AM

it's at 62, should we wait for buy lower?

PrasantaP

⋅ May 5, 2021 11:39 AM

@addypaddytech, buy near 55.00

sudhirag

⋅ May 5, 2021 6:19 PM

@PrasantaP, how did you arrive at 55, please? just trying to learn.

addypaddytech

⋅ May 5, 2021 11:41 AM

@PrasantaP ok thanks!

rah00002004

⋅ May 2, 2021 9:22 PM

Very nice graph. Really amazing.
I will try for the buying opportunities near neck lines.