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.
* 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 -...
NEAR 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......
#MOREPENLAB (W):- BUY AT DIP (44 TO 52 Range) For Target 120
1) MULTIYEAR BREAKOUT :)
2) Volume Breakout + Marubozu Candlestick
#Disclaimer:-I just shared view for only educational purpose.
NSE:MOREPENLAB 47.00
-Stock at Rounding Bottom Breakout
-18 years long consolidation between 2 to 50
-Finally stock out of this range and now stock in Open Sky
-Next levels to watch 60,90,130
-Support will be near 20/25
NSE:MOREPENLAB has completed its corrective structure and given a breakout which it will retest and then wont look back in few days to come.
NSE:CNXPHARMA is gaining pace and hence most of the Pharma stocks.
A new rally is in motion!
My idea is for educational purpose.
Look at the monthly chart of Morepan lab. Most likely above 38, it will reach life time high of 175.
At least buy for a target of a double from here.
short term 20-40%.
