NSE:MOREPENLAB
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Above 17.5 for target 20/22 with SL 16.35
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Not revealing my strategy, TA
Why almost all calls are successful ? if want to learn ... inbox me
I recommend to Buy Morepen Labs as a positional call for medium term. Charts of morepen labs shows that the stock is oversold in the market with unjustified pessimism. It's prime time to get into the morepen labs with targets of rs. 42.00 which can be seen within 12 months from now. It has created a Inverted Hammer Pattern which is a strong bullish reversal...
The price is still in a downward move, however the recent move which broke the cloud from below and was able to sustain for a couple of weeks above of cloud, means showing signs of exhaustion in selling.
the swing in pink marks and the pink numbers are weekly swing data...
rest is the daily swing data
more details about the chart
forum.valuepickr.com
disclaimer... not an investing/trading recommendation
I joined later in this year but it is feeling like second home.
Hope to have more learning and interaction in 2018...
Quoting this chart from Morepen which really blasted for a christmas celebration.
Morepen Laboratories Limited is a pharmaceutical company. The Company's divisions include Active Pharmaceutical Ingredients (API), Home Diagnostics and Finished Formulations. The API division offers products, such as Loratadine Process-1, Desloratadine, Atorvastatin Calcium Amorphous, Atorvastatin Calcium Crystalline Form VI and Linagliptin, among others. The Company offers products under the self-health diagnostic brand HomeHealth. Its HomeHealth portfolio includes automatic digital blood pressure monitors, digital and analog weighing scales, body and foot massagers, heat therapy range, nebulizers, pregnancy cards, and clinical and digital thermometers. The Company offers no coding blood glucose monitoring system under its brand, GlucoOne. It markets various brands of medical devices and clinical diagnostic products. The Company operates in India, the United States and Rest of World. Its subsidiaries include Dr. Morepen Limited, Total Care Limited and Morepen Inc.
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MOREPENLAB
