Breakout soon stock - MOREPEN LABRound Bottom Breakout Setup
RSI near 65 and rising
Trading above EMA50
Volume increasing
+30 months of consolidation
Enter after confirmation
Disc: for study, not a recommendation
MOREPENLAB trade ideas
MOREPEN LAB: UPTREND WEEKLYMOREPEN LAB is consistently making HLs, which is a healthy sign in an uptrend.
ADD more if it comes near 40-38 range. Target: 60-71-80-90-105-115-130
NOTE: I'm not a SEBI REG. Study before investing.
More pen ghat par....60 saal ki hone do phir batatungi 75 or 100 bhi....
Samjhne wale samjh jao......
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.
MOREPENLAB Long Base BO [Weekly]MOREPENLAB has given a long base BO on weekly timeframe with good volumes.
As chart shows, there seems to be some overhead supply at 62 ahead, but for now seems a decent bet to get in as its moving past a pivot point with good enough volumes.
Morepen Laboratories Ltd. - Breakout from baseAs it breaks out from the base consolidation, the key level would be close above 56.
This could see further momentum on the up side.
However, always keep a strict stop loss as per your risk if trade doesn't go as plan.
Note: Not a buy/sell recommendation. Please consult your registered advisor.
Morepen Labs - Result playThe company has guided for a strong Q4 where YOY it'd be an over 100% gain.
This could give the stock a fresh bit of momentum
Long at current price while adding 50% more above 56.75.
Stoploss for the first trade can be below 46.50.
A breakout above the horizontal resistance of 56.75 could lead to an amazing upmove
Multi year BO!!!Good volume accumulation.
Breakout and retest done.
Possible targets 75, 125...
Sharing this for educational purpose!
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
