TradingWithRahul

2 reasons to buy Morepen Lab

Long
NSE:MOREPENLAB   MOREPEN LABORATORI
1) Bouncing from support
2) Morning star pattern - Sign of reversal
Got 2 confirmation signs of reversal for a conviction to our entry. Can be bought at CMP (56.55) for a target of 62. SL will be 52.8 on a closing basis. HIT the like button if you liked my analysis and do FOLLOW for regular swing trading ideas.

Comments

it's 18 years break out stock with reverse head n shoulder pattern.
+1 Reply
@pravinmants2 ohh, I just saw the monthly chart. You're right, thanks🙌
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can we expect any reversal soon?
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TradingWithRahul Stockoholic_PearlCity
@Stockoholic_PearlCity, Yeah, it's on support currently. Good chances of reversal
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Stockoholic_PearlCity TradingWithRahul
@TradingWithRahul, Ok thanks
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