Morepen Laboratories,smallcap company, is engaged in the business of manufacturing, producing, developing and marketing a wide range of Active Pharmaceutical Ingredients (APIs), branded and generic formulations and also the Home Health products. Planning of capacity expansion and is taking aggressive steps to penetrate into the API business.Got approval to...
today morphan lab upside 13% in intraday we recommended at 37 levels now price is 70.90 and today we observe large volume with price and delivery quantity low so we expect little profit booking and again price jump if we bought at60-63 levels this is best buy zone. and potiential to go 100 in next 1-2 month
STOCK IS IN A BULLISH MOVE. LOOKS LIKE ASCENDING TRIANGLE PATTERN BREAKOUT WITH GOOD VOLUME O.236 FIBO SUPPORT ON THE DAILY TIME FRAME. AROUND 62.50 WHAT DO YOU GUYS THINK ?
The stock is making a cup and handle pattern and looks good above 72.4 for 6-7% further upmove
Morepen labs forming Cup and handle on daily charts with very high volumes. This can move towards 105 and further 170 in the long term.
MOREPEN LABS GIVE A BREAKOUT AFTER 70 ALL LEVELS ARE MENTIONED IN THE CHART ALSO FOLLOW ME
A stock trading at 40/- breaks out and moves almost 75% that is close to 70/- and it is taking its own time to settle down before the second breakout. Higher time frame there is no strong patterns to justify the break but in smaller time frame there is one. Price trying to break the 66/- level for the past 10 trading sessions and it breaks 2 times but meanwhile...
More pen lab is setting up for explosive move. Fundamentals of the company has seen drastic improvement in FY2020-21 also they have seen a significant increase in market share for API(active pharmaceutical ingredient) .Note Cash flow from operating activities has gone up by 4 times and company has a positive net cash flow. Stock has given closing above its multi...
1. On volume profile 58.5 seems to be a great support Stop loss of 55 or 52 will be great Buying with j range of 58.9 to 60 will be a great buy for target of 70+ 2. Trend line breakout with higher volumes on breakout candle Note : for educational purpose only . Before investing in my idea consult your FA
Strong support on weekly chart Volumes are lowering on weekly basis
Stock is trading in a tight range can have a upside if breaks out of the range.
Sharing VCP analysis of Morepen NSE:MOREPENLAB Currently in Advancing Stage In Less than 4 Weeks (26 sessions) Net Gain after Breakout = 106% Flag Pole was 80% High Consolidation was 291 sessions VCP Studies: Nice Textbook VCP pattern with 5 Contractions Move started with a failed breakout, from Ctn4. This was followed by a shakeout. Finally...
53-49 is the first zone for test of strength followed by 44-41. If counter takes support in any of the mentioned zone and start making a horizontal base then we might see it crossing 3 digit in medium term. Disc : it's not an investment advice to buy or sell
The best time of entry was around 30 which we missed. Presently the scrip is in ultra-bullish trend and target by June end is 103 if the bullishness continues.