MOREPENLAB trade ideas
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.
Morepen Lab - Inverted Head and ShouldersAll trade ideas provided are the opinions of the publisher and should not in any way be considered as financial advice. Please do your own research and consult your advisor before investing in stock markets.
MOREPENLAB || Multiyear Breakout || Another Opportunity?Technical:
1)Breakout from Stage I - Consolidation zone after 19 years with good Volumes.
2)Breakout Retest with Volume dry-up.
3)Reversing from 61.80% Fibonacci Retracement.
Fundamental:
1)Posting good Quarterly as well as YoY results.
2)Substantial increase in ROCE.
3)Reduced its Debt and approaching Debt free.
4)Positive Cash Flow.
Excellent Stock to look forward to!!
Morepen Laboratories Limited - Trendline breakout & RetestedMorepen Laboratories Limited - Trendline breakout & Retested
StopLoss below the trendline
Target 1 @ 72
Target 2 @ 98
MOREPENLAB levels ...23/08/2021 (D candle)MOREPENLAB now in breakout point...once its break free fall will expect...else its break 57 rally will start
Structure PatternAs you can see in this chart History price pattern
repeating itself.
But little bit changes in structure size. That's why we have to analize charts in different Time Frame. So that we can use as structure-trade
It is for only education purpose. If you like this Follow & Like to get updates.
Do Self technical analysis before investing.
Structure PatternAs you can see in this chart History price pattern repeating itself.
But little bit changes in structure size.
That's why we have to analize charts in different Time Frame.So that we can use as structure-trade
It is for only education purpose.
If you like this Follow & Like to get updates.
.
Do Self technical analysis before investing.
Chart Of The Week !! 15 August 2021 !!Made a inverted head & shoulder chart pattern in Monthly time frame .I am not surprised if price reach to 200 in near future . View invalid if price close below 35.00
2 reasons to buy Morepen Lab1) Bouncing from support
2) Morning star pattern - Sign of reversal
Got 2 confirmation signs of reversal for a conviction to our entry. Can be bought at CMP(56.55) for a target of 62. SL will be 52.8 on a closing basis. HIT the like button if you liked my analysis and do FOLLOW for regular swing trading ideas.
Burnol - Morepen Labs21x in 7 years !!
Pharma companies on the rise, so is this small pharma company with an household product.
Claim to fame : Burnol Maker.
Morepenlab Swing TradeI have used SMA 44, Simple Support and Resistance tools and Trend Based Fibonacci Extension to do Technical Analysis of NSE:MOREPENLAB
Trend : SMA 44 and SMA 200 is Rising. So its an Advancing Trend.
Area of Value: It is observed that the Price always takes support near SMA 44. So Price near SMA44 is a good Area of Value.
Entry: Since Rs. 64.75 is supported by SMA 44 and Support is being made here ( observe the Support blue line). Also RSI reverses from 47 into an uptrend. An Entry may be considered at Rs. 64.75.A
Target: Using Trend Based Fibonacci Extension, a Target of Rs. 79 is fixed.
Stop Loss : Stop loss should be fixed below the previous support. Using this method Stop Loss of Rs. 56/- is arrived at.
ANALYSISHourly time chart analysis for ML.
Stock has been moving in this channel for about a month.
Look for buying opportunities.
What are your views ? Do tell in the comments
MOREPENLAB: Ascending Triangle and Cup and Handle Patterns BOMorepen is brilliantly placed in charts with 2 Bullish patterns emerging, indicating an upswing.
In my opinion, the stock can easily add 10% from the current levels in a very short span of time.
Can be bought at current levels, keeping a stop loss at 67.
Supporting Technicals:
RSI: 64.3 (bullish but not overbought)
ADX: 28.3 (indicating strong trend)
MACD is above its center and signal Line, this is a bullish indicator.
P.S: This idea is for educational purposes only and should not be construed as an investment advice.
Long on Morepen Laboratori !!- Strong resistance at 73 getting weaker after every touch
- Forming a good bullish structure
- Can enter once it reaches the demand zone at 64
- First target 73 which is around 12.5% ROI and if it breaches the resistance then can hold till the there is weakness
MOREPEB LAB BREAKOUT SOON!! Morepen lab trying to test the trendline and its trying to come out of the triangle pattern. It has tested the resistance multiple times and now it has to take one last effort to break it down. With NIFTY hitting ATH, lets see how it goes!
