stock is at confluence of S<>R, 78.6% FIB. and channel supports......a wonderful buy!
Downtrand Breakout above 43 good move possible keep in radar
NSE:MOREPENLAB Morepen labs Daily timeframe Bat/gartley strong pattern. Good risk to reward
Morepen Lab - Multiyear Breakout retest. Long term investment opportunity.
PROS Company has reduced debt. Company is almost debt free. Company is expected to give good quarter Company has delivered good profit growth of 41.36% CAGR over last 5 years Promoter holding has increased by 3.84% over last quarter. CONS Stock is trading at 5.40 times its book value Though the company is reporting repeated profits, it is not paying out dividend
The stock is just fool us when we bought & it fell down now it's our turn I am adding some quantity today.. now I am hoping to double my money. lets see Stock will shine or make fool again..... DISCLAIMER : **I am not SEBI register..** **This is not an investment or Trading advice. This is Just for discussion/paper trading purposes.**
Buy for a Long-term. it will be make double your money only 8-10 point stop loss and 50-60 point reward, Fundamental & Technical is very good...Buy and Forget for it would be MULTIBAGGER in upcoming time.
Morepen labs probably on descending channel. Will watch for breakouts towards 80-90
Morepelab at support. If it sustain this level then it will be a good buy for target of 50+
Long due to multiple reasons 1. Trendline breakout 2. High volumes at breakout 3. RSI above 50 shows good relative strength 4. Pharma sector, mostly bullish at the moment 5. High risk to reward ration Disclaimer: for learning purposes only!
(Daily) - close > PWH - close > PDH - Descending triangle breakout SL - as per supertrend (10,2) Target - 62
Morepen lab has been consolidating for quite a long time near the breakout zone, if it breaks we can easliy achive 1:4-5 targets
Morepen Laboratories 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 the Home Health products. Entry : 55- 57 SL : 50 Target1 : 72 Target2 : 100+ (After breaking out 72 )
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
After a good result and a strong chart pattern, we can expect some good moves in Morepen Labs.
After a strong result and a good pattern on charts, morepen looks good for a long position.
Morepen lab is in uptrend.....it has consolidated and volumes are increasing....must keep in watch ...it is getting ready for next big move.....will keep updated the price action
Morepen Labs - 19 yrs BO - excellent fundamentals new 100Mil$ investment good productline