below 100 stockMorepen Laboratories Ltd 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 home Home Health products
trading at 52 week level
cup with handle pattern breakput
this month QIP rise and
200 crore QIP succusefully risen and hiked 10.6%, increasing institutional holding
MOREPENLAB
Be ready for upmove in Dr. Morepen LabsHello Guys,
Dr Morepen Labs is a nice small-cap stock and it has been showing consistent up-moves on higher time frames.
The stock is trading below its 5-year average PE. Moreover, this is a debt-free company.
Based on this quick techno fundamental analysis, I believe it can reach INR 60/- and INR 75/- in 6 months.
#LUPIN #LAURUSLABS #ZYDUSLIFE #APOLLOHOSP #FORTIS #AARTIDRUGS #I#LUPIN
NSE: LUPIN
CMP: 756
TP: 910
SL: 700
TF: <6m
RR > 3 times
Return > 20%
THYROCARE CNXPHARMA LUPIN NSE:CIPLA SUNPHARMA SPARC DIVISLAB DRREDDY AUROPHARMA BALPHARMA GLENMARK SANOFI PFIZER BPLPHARMA MARKSANS BIOCON GRANULES IPCALAB LAURUSLABS NATCOPHARM GLAND ALKEM ZYDUSLIFE APOLLOHOSP FORTIS AARTIDRUGS
Factors:
BULLISH WEDGE BREAKOUT
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations.
With 💚 from Rachit Sethia
#MorepenLab #pharma #cnxpharma #cipla #lupin #sunpharma #sparc#MOREPENLAB
NSE: MOREPENLAB
CMP 31.70
Target 42+
SL 27.5
RR >2.5 times
Return > 30%
Timeframe < 6M
NSE:MOREPENLAB
Factors:
BULLISH WEDGE BREAKOUT
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations.
With 💚 from Rachit Sethia