MOREPEN 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.
The company has guided for a strong Q4 where YOY it'd be an over 100% gain.
This could give the stock a fresh bit of momentum
Long at current price while adding 50% more above 56.75.
Stoploss for the first trade can be below 46.50.
A breakout above the horizontal resistance of 56.75 could lead to an amazing upmove
Trade idea for Long term Investors
High Reward Trade for High Risk Investors
Success rate 80% - 90%
"Realize Full Potential of a Stock by having Patience"
"Stock Market is more about What can happen rather-than what will Happen"
In Markets there is no 100% Guarantee but one can invest in High Probability Stocks
ALWAYS KEEP IN MIND
Rule 1 : Respect Target &...
NSE:MOREPENLAB
price ek q-dz se react kiya hai. price achhi up moment de sakta hai.
price ko rokne ke liye koi achhi supply zone nhi hai. agar stock me selling aata hai to niche ek achhi demand zone hai jo price ko fir se ek achhi moment de skta hai
MOREPENLAB
CMP : 50
DISCLAIMER - Here, We Share Charts Based On Technical Studies For Learning Purpose Only. Not Buying Or Selling Recommendations. We Are Not SEBI Registered Advisors. We Will Not Be Responsible For Your Profit And Loss.
Trendline breakout on higher timeframe.
Fib level 0.5 broken on higher timeframe.
RSI above 60
Inverted Head & shoulder
Note: This is just for analysis purpose, please do your own research before punching any orders.
reviewing 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...
#MOREPENLAB
CMP ₹.49.2/-
Date : 23-12-2023
Morepen Laboratories Ltd , a pharmaceutical company,now in its 52 week high today. A zero promoter pledge company with low debt. Revenue and profit increasing for last two quarters. Now in a turnaround phase , both fundamentally and technically. Robust recovery from it's 52 week low. Technically looking good with multiple...
MOREPENLAB 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...
