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RamkumarKR

Morepen labs - current support and resistance

MOREPEN LABORATORI (NSE:MOREPENLAB)  
RamkumarKR Updated   
NSE:MOREPENLAB   MOREPEN LABORATORI
Support and Resistance
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supportandresistance
On breakout, target expectation of 40
Comment:
Looks like breakout is here!
Comment:
See the move once it broke out - nearly 10% up today!!
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Retraced from the resistance broken earlier. That is another confirmation (I guess)
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Today it closed at resistance. At this point green is the stop loss. Exit if any daily close is below that green line.
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On the green line, lets see if the support holds good.
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Support held today
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Strong bullish candle today!
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Back on support line. A close below that will automatically close this trade on stop loss.
Order cancelled:
Stop Loss hit.
Comment:
After testing all stoplosses, finally nearing original target. Most of the trades are this way, will test everyone's patience.
Comment:
Hit 50+ today!!
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