NSE:MOREPENLAB
==========
Above 17.5 for target 20/22 with SL 16.35
==========
Not revealing my strategy, TA
Why almost all calls are successful ? if want to learn ... inbox me
I recommend to Buy Morepen Labs as a positional call for medium term. Charts of morepen labs shows that the stock is oversold in the market with unjustified pessimism. It's prime time to get into the morepen labs with targets of rs. 42.00 which can be seen within 12 months from now. It has created a Inverted Hammer Pattern which is a strong bullish reversal...
The price is still in a downward move, however the recent move which broke the cloud from below and was able to sustain for a couple of weeks above of cloud, means showing signs of exhaustion in selling.
the swing in pink marks and the pink numbers are weekly swing data...
rest is the daily swing data
more details about the chart
forum.valuepickr.com
disclaimer... not an investing/trading recommendation
Monthly chart of Morepen laboratories shows price action is forming cup and handle pattern. Weekly chart shows the price is breaking the triangle. One can buy morepen above 20 for the targets 28, 33 and 39. Consult your financial manager before investing.
I joined later in this year but it is feeling like second home.
Hope to have more learning and interaction in 2018...
Quoting this chart from Morepen which really blasted for a christmas celebration.
