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
MOREPENLAB trade ideas
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 market movement.
Pharma and Diagnostics Stocks may see some sharp movement if variant is a concern.
Happy Profitable Trading to All...
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
Stop Loss : 25
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 the short-medium target of 60/- and touch the heavy resistance zone of 72-75/-
Morepen LabReady for action, price closing above all resistance
Above view only for educational purpose
Morepen will give more gain!(Updated) Going All Time HighMorepen can be trade for Rs 52 and Rs72 Targets.
It has taken support of 610SMA and is going to break ATH.
#StockMarket #StockIdeas #StocktoWatch #StockToBuy #positionalMOREPEN LABORATORIES
Stock at good support and Seems started Uptrend
Can be buy at CMP or above 44.5 levels
for short term targets of 47 & 51.5
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Note:
Above levels are for education purposes only
Do your own analysis before taking any trade
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MOREPENLAB SWING idea Price gave strong rejection by key zone and printed strong candle. Looking good for swing entry. Analysis and levels mentioned over chart.
MOREPENLABMOREPENLAN took support on the day chart at the same level where it made a low on 24th Feb 2022. Might form a double bottom pattern.
MorepenlabFell because of poor result set
Right at the support now
SL - 46 (DCB)
Targets - 53, 60
Little risky since there is no sign of recovery found in chart
Risk Reward is favourable so one can buy with small SL
MOREPENLAB [cup and handle]
PATTERN:- CUP AND HANDLE
already re-texted , confirmation done so my side stock are bullish .
your looking target are very low distance but this not my this technically draws. so ...see what happen next ..
"you know target made 43.85%"
The cup and handle is a well-known continuation stock chart pattern that signals a bullish market trend
I am not a sebi register this only for Education Purpose . I am not Responsible for any LOSS or PROFIT .
Breakout soon candidate Morepen Labs on Daily chartMorepen labs seems to be a BO candidate on daily chart, RSI is just close 60 & seem sshowing divergence, volumes look decent, have been consolidating since June-July, Keep on radar.
Disc; Invested: Not a reco to buy or selff
MOREPENLABWait And Watch ??
Look for Low risk, High reward, and High Probability setups-
Things to Remember while Trading with the Trend
1. Know what the trend is.
2. The best trades are made in the direction of the trend.
3. Assume that the main trendline or moving average will hold.
4. The longer the moving average is, the better it defines the trend.
5. Wait for the pullback.
6. Don’t chase the market.
7. Don’t fight the market.
8. Even in the strongest trends there should be some retracement.
9. The closer the market is to the trendline, the better the risk/reward ratio is.
10. Use ADX to determine the strength of the trend.
11. Higher the level of ADX , the stronger the trend, below 20 consider the market to be choppy
12. Hold trades longer in a strong trend.
13. Wait for confirmation of a trendline breaking before reversing position.
14. Know where the Support levels are.
15. Place stops outside the Support levels.
Thank You..
Support reversal - positional tradeThe stock is trying to reverse from the support region and looks good positionally above 52.5 level for target of 55 and 59.5 respectively.
Learn & earn,
Dr. Tanya Kumar
Trendline breakout in MOREPENLABAfter breaking the trendline, retest is also done.
Can buy a CMP for easy tgt of Rs 60 in few days
Can be a multibagger for 2022NSE:MOREPENLAB
MOREPENLAB
CMP:52.65
Buying zone: 45-55
Add Till: 35
SL: 24
Expected Targets: 65/72/82/105/120/175/200
Expecting high ROI in this one !
Can be a multi-bagger candidate for 2022
MOREPENLAB : LONG VIEWMOREPENLAB : LONG VIEW
1) POLE & FLAG PATTERN
2) Just above SMA 50
3) Just above Linear Regression channel lower channel
CMP: 52.65
BREAKOUT POINT : 56/57
TARGET: 62/65/70+
SL: 50
* For educational purpose only
Morepen Lab BreakoutPrice respected the 4 month Trend line
Now Break this line with Descending triangle which constantly multiple time tested
Now at retest area, after confirming retest buy at 50-52 & target with 60 & SL Billow 46.70
