MOREPEN LABORATORIES Please note this is for education purpose only. Please do own research before you take a trade.
Key stats
Market capitalization
12.488BINR
Dividends yield (FY)
—
Price to earnings Ratio (TTM)
29.25
Basic EPS (TTM)
0.87INR
About MOREPEN LABORATORIES LTD
ISIN
INE083A01026
Sector
Health Technology
Industry
Pharmaceuticals: Major
Website
morepen.com
CEO
Sushil Suri
Headquarters
New Delhi
Employees
3.985K
Founded
1984
Morepen Laboratories Ltd. engages in the manufacture and market of bulk drugs and pharmaceutical formulations. It operates through the following business segments: Global Generics, Finished Formulations, Home Health, and Dr. Morepen. The company was founded by K.B. Suri on December 1, 1984 and is headquartered in New Delhi, India.
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
Channel Breakout in MOREPENLAB DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades (high momentum stocks) at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is
buy trade in morephen labthee is a triangle breakout , instead the entire market is falling... this stock has given 10% move in morning one hour...to most important thing is triangle pattern works
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
MorepenLab Technical reversal, trendline BreakoutSpecial Pick - Morepen Lab for High Risk Takers..
Fundamentals : Strong, Fairly valued, Growing EPS, Reserve ! Promoters and FII loaded trucks..
Technicals : Bullish, shown reversal at strong support technically and broken declined triangle and 50 DMA..
Target 1: 36
Target 2: 42
Target 3: 50
MOREPEN LAB BUY @ 34/35 SL 31 TP 72Its on previous Resistance Now Became support and also retracement @ 61.8% of previous impulse wave
Long 42 for sure buy at 39.50 target 42 stop loss 37. Today 21 st july 2022, looks like it will reach these levels in tomorrow or in the next week so if it dosent go up after 1 week i will try to exit. Never put all money in one stock. Follow trading rules.
Morepen lab long opportunity Good risk reward with small srtop loss
Break out after long consolidation
MOREPEN Labs Multiple Supports and 200 EMA BreakoutThe share seems to have given a breakout on 200 EMA and now taking crucial support at it. There has been an increase in Volumes since the past week which strengthen the uptrend. RSI is also in line with the trend.
Results are due on 05th May, if it turns out to be positive, the rally may go beyond
See all ideas
Income Statement
Balance Sheet
Cash Flow
Earnings
Next:—
0
Revenue
0