Morepen LabReady for action, price closing above all resistance
Above view only for educational purpose
MOREPENLAB trade ideas
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
morepen lab in consolidation Morepen lab with good quarterly result, making triangle pattern in weekly chart.
wait for breakout and retest on red line.
MOREPEN LAB - SHORT TERM BUYMorepen Lab perfectly moving in channel by taking support at lower trendline. It's a BUY for short term with Target of Rs. 65 with SL of Rs. 53. NSE:MOREPENLAB
Downtrend Revere Buy according to your risk with stoploss of (46.85) for given targets. Also analysis on your own. Happy Trading !
Inverse head and shoulders pattern || Morepen LabA breakout of the Inverse H&S pattern has occurred with good volumes. Can be bought for a target of 65-66. CMP-59.5. Target is calculated using the height of the head. SL will be 55 on a closing basis. A good 14-15% swing opportunity. HIT the like button if you liked my analysis and do FOLLOW for more ideas.
