Monthly chart of Morepen laboratories shows price action is forming cup and handle pattern. Weekly chart shows the price is breaking the triangle. One can buy morepen above 20 for the targets 28, 33 and 39. Consult your financial manager before investing.
Morepen Laboratories Ltd. engages in the manufacture and market of bulk drugs and pharmaceutical formulations. The company was founded by K.B. Suri on December 1, 1984 and is headquartered in New Delhi, India.