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MOREPEN LAB. LTDMOREPEN LAB. LTDMOREPEN LAB. LTD

MOREPEN LAB. LTD

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MOREPENLAB trade ideas

Morepen Lab reversing from a Support zone. After breaking out from a 3 year old resistance at 75, the stock retraced back to the breakout level and is taking support from there. Ideal entry was 75 but if you missed it then we will look for fresh entry possibility. Please check the chart for Entry/SL. ✅Today's candle sustaining right above 50 DMA. ✅Chart Structure is improving. ❗️Stock structure turned to LH-LL now slight improvement in structure. ❗️Even though overall market is showing early signs of reversal. We are trading below 50 DMA. ❗️25K might be a tough hurdle. So, need to be cautious. ▶️Market Cap---₹ 4,710 Cr. ▶️Current Price---₹ 86.0 ▶️Stock P/E---39.9 ▶️ROCE---16.8 % ▶️ROE---12.0 % Chart shared only for educational purposes only. Please do your analysis before investing.
NSE:MOREPENLABLong
by sagartharayil
Morepen Lab - Bullish Flag and Fibonacci RetracementMorepen Lab has formed a bullish flag pattern, and today it has successfully broken out. The price has retested the Fibonacci level at 38, where it formed a bullish piercing pattern, signaling potential upside momentum. Price take support of 50 period EMA. Additionally, this level coincides with a significant demand zone on the chart, suggesting strong buying interest. Keep an eye on this stock for further upward movement
NSE:MOREPENLABLong
by Arvind_Share_Academy
MOREPENLAB - Multiyear Breakout -Cup and Handle - MonthlyMOREPENLAB - Cup and Handle pattern, which is a bullish continuation pattern indicating a potential upward trend. Here are some key points from the chart: Cup and Handle Pattern: This pattern suggests that after a period of consolidation (the “cup”), there is a slight dip (the “handle”) before a potential breakout to higher prices. Neckline: The neckline is marked at 74 will also act as stoploss. Target Price: The potential target price is around 146, if the pattern completes successfully. Volume: There is a significant increase in trading volume, highlighted by a large green bar. This often indicates strong buying interest and can support the bullish breakout. Overall, the chart suggests a positive outlook if the price breaks above the neckline with strong volume support. A multiyear breakout occurs when a stock or asset breaks out of a long-standing trading range, typically lasting several years. This breakout is significant because it often signals a major shift in market sentiment and can lead to substantial price movements. Here are some key points: Long-Term Resistance: The asset breaks above a resistance level that has held for several years. Volume: A multiyear breakout is often accompanied by a significant increase in trading volume, indicating strong investor interest. Technical Indicators: Various technical indicators, such as moving averages, RSI, and MACD, can help confirm the breakout. “21 yrs Multiyear breakout with good volume” suggests that the asset has broken out of a trading range that lasted for 21 years, supported by strong trading volume. This is a bullish signal indicating potential for further price appreciation. Fundamental Factors: Sometimes, fundamental changes in the company’s business, industry, or broader economy can drive a multiyear breakout.
NSE:MOREPENLABLong
by VCharts_TA
Investment Idea for Long term InvestorTrade 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 & Stoploss. Rule 2 : Hold the Trade until the Rule 1 is not met. Rule 3 : SL on Day Close Basis Rule 4 : Never do averaging if trade moves against your direction
NSE:MOREPENLABLong
by Ravi_Kasliwal
BUY TODAY SELL TOMORROW for 5%DON’T HAVE TIME TO MANAGE YOUR TRADES? - Take BTST trades at 3:25 pm every day - Try to exit by taking 4-7% profit of each trade - SL can also be maintained as closing below the low of the breakout candle Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall Trendline Breakout in MOREPENLAB BUY TODAY SELL TOMORROW for 5%
NSE:MOREPENLAB
by Kapil-Mittal
4
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