MOREPENLAB trade ideas
MOREPENLAB price actionaNSE: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 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
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 .
MOREPEN LABMOREPEN LAB - watch out this stock, it can go back to 44/48/60/70+ levels.. good number posed by the company with strong outlook.
2 Amazing swing trading ideas for 22 December markets I daily make educational content videos for swing / positional trading
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.
Amazing swing trading idea for 23 November Markets I daily make educational content videos for swing / positional trading
Morepenlab Price projectionMorepenlab will give good returns in near future. We can see the target long-term 70+
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.
1 Breakout and 1 Support based trade idea for 10 AugustI daily make educational content videos for Swing / positional trading
Buy Morpen Laboratories1.Stock is in cup formation and ready to give around 30% results.
2.This is a positional pick.
3.Trade at your own risk
MOREPENLAB - May BullishDouble bottom @ 26.30
Lower high for last 3 day but not breaking low
Bullish if Break Prev Day High with strong bullish candle
MOREPEN LABORATORIES Please note this is for education purpose only. Please do own research before you take a trade.
MOREPEN LABORATORIES - DAY CHART - 24.12.2022 - BAHAVAN CAPITALMOREPEN LABORATORIES posted on 22.12.2022 ABOVE 38.20 TARGET 40.20 and TARGET HIT on 23.12.2022 Stock made a high of 43.70 and closed at 42.65.
New Target for 26.12.2022
Stock ABOVE 44 TARGET 46.
Though DII been in selling spree but DII Buying had been highly to be noted
DATE FII DII
21.12.2022 1119.11 cr (Net Selling) 1757.37 cr (Net Buying)
22.12.2022 928.63 cr (Net Buying) 2206.59 cr (Net Buying)
23.12.2022 706.84 cr (Net Selling) 3398.98 cr (Net Buying)
Happy Profitable Trading to All.....
Channel Breakout in MOREPENLAB DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades (high momentum stocks) 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
Channel Breakout in MOREPENLAB
BUY TODAY SELL TOMORROW for 5%
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
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
