MOREPEN LAB potential breakout - Strong prior uptrend.
- Taking support at 9ema
- Price trading in a narrow range.
- Volume contraction.
- Strong sector.
- High relative strength.
Morepenlabs
MOREPEN LAB - 3 YEARS OF ROUND BOTTOM BREAKOUT3 YEARS OF ROUND BOTTOM BREAKOUT FOR SWING TRADING
NEW BUY PRICE : 75
SL : 50 (only for swing traders)
TARGET : 95, 125 (65%)
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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
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.
Morepen Lab - Multiyear Breakout retestMorepen Lab - Multiyear Breakout retest. Long term investment opportunity.
MOREPEN LAB BREAKOUTMorepen lab has been consolidating for quite a long time near the breakout zone, if it breaks we can easliy achive 1:4-5 targets
swing trade Morepen lab stock is been in a range of 50 -70₹
Trading near a support level
Good opportunity for swing traders
I've used Fibonacci retrace level 1hr
I'm not a sebi registered person kind enter on your own analysis
Else analyse my chart
MOREPENLAB DAILY CHART 1. SYMMETRICAL TRIANGLE 2. CUP & HANDLEMOREPENLAB DAILY CHART 1. SYMMETRICAL TRIANGLE 2. CUP & HANDLE
