A 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...
Stock is trading in a tight range can have a upside if breaks out of the range.
* 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 -...
NEAR 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... 3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns... 3. Views given here is not a tip rather it is for educational purpose......
#MOREPENLAB (W):- BUY AT DIP (44 TO 52 Range) For Target 120 1) MULTIYEAR BREAKOUT :) 2) Volume Breakout + Marubozu Candlestick #Disclaimer:-I just shared view for only educational purpose.
NSE:MOREPENLAB has completed its corrective structure and given a breakout which it will retest and then wont look back in few days to come. NSE:CNXPHARMA is gaining pace and hence most of the Pharma stocks. A new rally is in motion!
Buy abv 35.50 sl 29 target 45-49 Ascending triangle is clearly visible in uptrend. Today's volume and PA are supporting the price pattern. Disc : it's not an investment advice to buy or sell
breakout trade
Note: This is for educational purpose only. There seems to be a bullish breakout with ultra high volume. There seems to be a bullish RSI breakout as well. RSI above 65 indicates bullish momentum.
MOREPEN TO CHECK A MAMOTH RESISTANCE
Pure Technical View CRS Advanced and now side ways abv 50. Price Retracing after Sharp move 2 Weeks back 15/06/2020 EMA Wise Taking support at 21D EMA RSI is retracing as well with price. MACD is above Zero and Sideways. Volumes in retracement LOW. Price should bounce back from FIBO @ 21.50 TGT 34.00 & 43.00 !!! All charts for education purpose only !!!
NSE:MOREPENLAB ========== Above 17.5 for target 20/22 with SL 16.35 ========== Not revealing my strategy, TA Why almost all calls are successful ? if want to learn ... inbox me
I recommend to Buy Morepen Labs as a positional call for medium term. Charts of morepen labs shows that the stock is oversold in the market with unjustified pessimism. It's prime time to get into the morepen labs with targets of rs. 42.00 which can be seen within 12 months from now. It has created a Inverted Hammer Pattern which is a strong bullish reversal...
Check the annotation in the chart.