Chart Of The Year * Stock has given a Inverted H & S Pattern breakout on Monthly chart .
*If we look at the volume part, significant volume activity is witnessed at the time of neckline breakout .
*Price has also trading all the important moving averages.
*Considering all technical evidences we may see good up move in Morepen Lab .
CMP-65.00 RECO-Buy Entry Range-Rs.50.00 - 60.00 Target-95.00/150.00/220.00/280.00 Stop Loss-40.00 closing basis
Duration- 06 to 12 Months.
Thanks for reading and kindly let us know if you have any questions.
MOREPENLAB trade ideas
MOREPEN LABSNEAR BREAKOUT
Note:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
4. To learn more about patterns, Psychology behind the trade, and price action trading... contact us... Thanks...
Keep an eye ladies and gentlemen. Cheers and Happy Trading