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prashanttejura
May 1, 2017 4:57 AM

Buy with SL 17.5 for Tgt 40. Long

MOREPEN LABORATORIES LTD.BSE

Description

Retest of RSI & Price support zone usually offers very comfortable entry opportunity with awesome R:R for medium to long term investors

Comment

After hitting SL, it started moving..no issues, latch on even now..

Trade closed: target reached

Book out or trail up
Comments
hiteshmehta
Good to see you here!
padiyara
It is a good support level sure.

The company improving revenue and profit, performing extremely well on this quarter but eps not achieved on line,
and also trading higher valuation, more than 60 PE, Book Value is low too, these are all some proven approaches to
picking money making, low price stocks, which doesn’t comply in Morpen’s case Please consider this as my humble opinion & not against your view.
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