2 Swing trading ideas for 3 December Markets I daily make educational content videos for swing / positional trading
Morepenlabs
MOREPEN LAB: UPTREND WEEKLYMOREPEN LAB is consistently making HLs, which is a healthy sign in an uptrend.
ADD more if it comes near 40-38 range. Target: 60-71-80-90-105-115-130
NOTE: I'm not a SEBI REG. Study before investing.
MOREPENLAB review - 53 from 38, 40% gains & still more to comereviewing NSE:MOREPENLAB
chart posted on 20th August 2023 when the price was 38
now it has made a high of 53.
40% gains till now and more to come
immediate 1st target will be 75
The objective of this analysis is knowledge sharing and education. There isn't any buy or sell advise in this article. Every stock is held for a short to medium amount of time and is positional.
It is expected of each person to carry out independent research and evaluation to ascertain whether my perspective is consistent with your studies.
link of 8th Sept 2023 post given below
MOREPENLAB For Swing TradingMOREPENLAB Prediction for Swing/ Positional Trading
You can entry into trade above Break out level 42. CMP is 43.45 It can retest the BO level or can down more. You can buy more at that time or trade according to your experience.
Sls- according to you RRR.
Targets-45.5,48,50,54,59,64,68,73,78,82,87,92,96,101,…,… (more will be updated later if need )
According to your “STOMACH” book your profit. Always maintain your risk management.
Watch Carefully – The Chart Explains For Itself.
Disclaimer:
I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade.
Happy trading.
About MOREPENLAB –
Morepen Laboratories Ltd. engages in the business of manufacturing bulk drugs, intermediates, and medical devices; and business of formulation. It operates through the following geographical segments: the United States of America, Rest of World, and India. The company was founded by K. B. Suri on December 1, 1984 and is headquartered in Gurugram, India.
1 Breakout and 1 Support based trade idea for 10 AugustI daily make educational content videos for Swing / positional trading
MOREPENLAB - May BullishDouble bottom @ 26.30
Lower high for last 3 day but not breaking low
Bullish if Break Prev Day High with strong bullish candle
MOREPEN LABORATORIES - DAY CHART - 24.12.2022 - BAHAVAN CAPITALMOREPEN LABORATORIES posted on 22.12.2022 ABOVE 38.20 TARGET 40.20 and TARGET HIT on 23.12.2022 Stock made a high of 43.70 and closed at 42.65.
New Target for 26.12.2022
Stock ABOVE 44 TARGET 46.
Though DII been in selling spree but DII Buying had been highly to be noted
DATE FII DII
21.12.2022 1119.11 cr (Net Selling) 1757.37 cr (Net Buying)
22.12.2022 928.63 cr (Net Buying) 2206.59 cr (Net Buying)
23.12.2022 706.84 cr (Net Selling) 3398.98 cr (Net Buying)
Happy Profitable Trading to All.....
MOREPEN LABORATORIES - DAY CHART - 22.12.2022 - BAHAVAN CAPITALMOREPEN LABORATORIES as per Daily Chart Analysis Stock ABOVE 38.20 TARGET 40.20.
Irrespective of consecutive 3 days market in red but today FII Net Buying at 928.63 Cr and DII Net Buying at 2206.59 Cr.
However Spike in Corona Virus with new variant should be watched out next week sessions for the market movement.
Pharma and Diagnostics Stocks may see some sharp movement if variant is a concern.
Happy Profitable Trading to All...
Morepen will give more gain!(Updated) Going All Time HighMorepen can be trade for Rs 52 and Rs72 Targets.
It has taken support of 610SMA and is going to break ATH.
#StockMarket #StockIdeas #StocktoWatch #StockToBuy #positionalMOREPEN LABORATORIES
Stock at good support and Seems started Uptrend
Can be buy at CMP or above 44.5 levels
for short term targets of 47 & 51.5
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Note:
Above levels are for education purposes only
Do your own analysis before taking any trade
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MOREPENLAB SWING idea Price gave strong rejection by key zone and printed strong candle. Looking good for swing entry. Analysis and levels mentioned over chart.
MOREPENLABMOREPENLAN took support on the day chart at the same level where it made a low on 24th Feb 2022. Might form a double bottom pattern.
Breakout soon candidate Morepen Labs on Daily chartMorepen labs seems to be a BO candidate on daily chart, RSI is just close 60 & seem sshowing divergence, volumes look decent, have been consolidating since June-July, Keep on radar.
Disc; Invested: Not a reco to buy or selff
MOREPENLAB levels ...23/08/2021 (D candle)MOREPENLAB now in breakout point...once its break free fall will expect...else its break 57 rally will start
Burnol - Morepen Labs21x in 7 years !!
Pharma companies on the rise, so is this small pharma company with an household product.
Claim to fame : Burnol Maker.
MOREPEN LAB--> Quick 25% upside potential on 52w highThe above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.
Morepenlab - Breakout expectedA stock trading at 40/- breaks out and moves almost 75% that is close to 70/- and it is taking its own time to settle down before the second breakout.
Higher time frame there is no strong patterns to justify the break but in smaller time frame there is one. Price trying to break the 66/- level for the past 10 trading sessions and it breaks 2 times but meanwhile it can't hold the momentum. If price breaks 66 and holds the position then definitely once can expect the up move towards ATH.
Chart Of The Year * 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.
MOREPEN LABSNEAR BREAKOUT
Note:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
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Keep an eye ladies and gentlemen. Cheers and Happy Trading
