Morepen Laboratories Limited - Trendline breakout & Retested StopLoss below the trendline Target 1 @ 72 Target 2 @ 98
MOREPENLAB now in breakout point...once its break free fall will expect...else its break 57 rally will start
As 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.
As 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.
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
1) 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.
21x in 7 years !! Pharma companies on the rise, so is this small pharma company with an household product. Claim to fame : Burnol Maker.
I 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...
Hourly 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
Morepen 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...
- 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
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!
Expecting up move again in coming day's. Strict SL of 50
The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.
85 is the near target, CUP AND HANDLE is confirmed with volume movement