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MOREPEN LABORATORIES LTD.MOREPEN LABORATORIES LTD.MOREPEN LABORATORIES LTD.

MOREPEN LABORATORIES LTD.

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MOREPENLAB trade ideas

Looking Very Strong 29% Upside Rally Possible In This Stock✅The stock has been consolidating below a 2.6-year-old strong resistance level but has recently shown signs of breaking out. The stock closed strong near the resistance, showing high momentum and strength, indicating a potential 29% upside rally. ✅ Immediate support around ₹50, aligning with the lower trendline. Stronger support near the 2.6-year-old resistance at ₹56.10, providing a robust base for potential upward movement. ✅ Noticeable increase in volume with the breakout above the strong resistance, signaling strong buying interest and supporting the bullish outlook. ✅ RSI is currently at 63.35, trending upwards and indicating increasing bullish momentum without being overbought. The MACD histogram shows rising bullish momentum, with the MACD line crossing above the signal line, suggesting a buy signal.
NSE:MOREPENLABLong
by Marketik
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
NSE:MOREPENLABLong
by ajaykalashi
Morpen Laboratories Ltd -Multiple BO#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 breakouts. Retesting it's 2 year long & 6 months resistance trend line now . A cup & handle Bo is also sensing in the chart. Movement above 52 - 55 can lead to a bo confirmation and can expect a further more movement towards 70 stoploss @₹.45/- Disclaimer : Post only for educational purpose. Not a buying / selling recommendation. This is only my personal view. I am not a SEBI registered analyst . Do your own analysis and act accordingly .
NSE:MOREPENLAB
by DevanNaayar
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.
NSE:MOREPENLABLong
by suraranjanganguli
MOREPENLAB --- This setup appears to be good worth researchingNSE:MOREPENLAB This setup appears to be good and worth researching. planning to accumulate between 36-32 zone for 100% gains it will face hurdle around 44 zone, once it goes past this zone this will give good returns This analysis is being done for educational and knowledge-sharing purposes. This article does not offer any kind of buy or sell advice. All stocks are positional and are held for a short to medium period of time. Everyone is expected to conduct their own research and analysis to determine whether my point of view aligns with yours.
NSE:MOREPENLAB
by ajaykalashi