Morepen: No More Pain ( but initial target 66)Its a Great Pre election Indicator 2014: returns 360% 2019: returns. 180% 2024: Predicted 90% ! P.S: It makes BurnolLongby SWFguy116
Morepen: Less Pain? Good risk reward ratio, Continuous pattern break out...1st target - 55, 2nd - 60, third target 75, this is short to med term. for long term the counter look brightLongby rks251951
MOREPEN LONGOver here we can see that the stock is coming out of a well respected weekly Fairvalue gap made near support levels also - increasing conviction. TP1 is quite near however the final target is also placed on the chart for anyone to be guided. I have not attached a Stop loss here the market conditions right now are volatile, however please do manage your risk properly and have a strict stop loss upto your risk management plan. This is not a buy sell reco. Furthermore, the stock is making a bullish HH and LH structure indicating a bullish trend for the stock. The fundamentals are also strong and over all seems like a higher probability trade. This is not a buy sell reco NSE:MOREPENLAB Longby dheerender460
MOREPEN Bullish!Stock is in uptrend. Forming higher highs. Red line - stop loss Green Lines - target If reversal is seen it is good to enter. Longby Ratthegreat0
MOREPENLAB WEEKLY CHARTMOREPENLAB WEEKLY CHART This stock has witnessed a breakout @ 42 levels, as marked by red ellipse. Its only an observation & not any suggestion.Longby UnknownUnicorn4824761Updated 4411
MOREPENLAB Weekly ChartRound Bottom Formation Support 48.80 break RSI Above 60 Daily / Weekly / Monthly Volume Growth Moving Averages in Line 21/50/200 Expected Level 75 Longby ManojTembulkar1119
MorepenlabStock name = Morepen Laboratories Limited. weekly chart setup Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. this is not buying and selling recommendations. I am not SEBI registered. please consult your financial advisor before taking any trade.Longby tanwartarun500
MOREPEN LABMorepean Lab Looks pretty much great on the weekly time frame for upper levelby vijay19209
Morepen Laboratories Down-sloping Curved Trend Line BreakoutMorepen Laboratories has broken out of it's Down-sloping trend line after a Fall of 50% from the Highs. Supply has Exhausted and Demand is kicking in. Longby saurabhg812213
8344 consolidation breakoutReason for long a) consolidation breakout. the consolidation is one year consolidation and hence there is a possibility of wave 3 and wave 4 as per elliot wave theory. b) 5 point indications are positive: first point: QQE positive: 2nd point: Renko positive; 3rd point: Rainbow positive: 4th point: Super trend positive and 5th point: super vwap positve (considering flase high as swing high point). c) Weekly breakout possibility d) Price above point of control (POC) SL compulsory as indicated in chart Longby WavozenUpdated 0
7182 Monthly breakoutReason for long a) monthly breakout b) channel breakout c) SL compulsoryLongby WavozenUpdated 1
1w MOREPENLABNSE:MOREPENLAB work according to level. chance for upward direction.by Trader_jagutiger116
No Time To Trade 🤔 !! Break the trend line... After a massive rally.. and coming to some support.... by JA8Trader2
MOREPENLAB BREAKOUT WITH HUGE VOLUMESMorepenlab has given a breakout above a very important recent high with good strong volumes in a very bearish market. It may have legs to go till 52-53 in the coming weeks. The high of the current daily candle needs to break first. Disclaimer - Not a trading advice or buy/sell call, only for educational purpose. Longby PranamGhagare2
Morepen all set for 60-80-100 ?Morepen Labs was in a descending channel for some time, if this week closes breaking the channel, we might see upmoves Longby RamkumarKR21
Morepan LabMorepen Laboratories Gets US FDA's Approval for Anti-Allergy Drug in India expected to touch trend line @ 55 (round bottom form)Longby ManojTembulkar0
7061 Double channel breakout Reason for long 1. Market structure - bearish but reversal trade as volume picked up 2. Consolidation before the Breakout : 2 month consolidation 3. Support-Resistance levels: Entry near support 4. Supply-Demand zones: Demand zone as evident by volume 5. Location of 200MA or 200EMA: down trend as it is reversal trade 6. Overlap with a Fibonacci level : not applicable 7. Candlestick pattern and the size of candles : not applicable 8. Chart pattern: consolidation breakout trade 9. Volume expansion: not applicable as it is reversal tradeLongby WavozenUpdated 0
MOREPEN has a target of 47.8stock has a target of 47.8, which is the confluence of 50% fib. and D point of CYPHER patternLongby Nattyshotstocks114
MOREPEN has a target of 47.8stock has a target of 47.8, which is the confluence of 50% fib. and D point of CYPHER patternLongby Nattyshotstocks1
#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 SethiaLongby Rachit_Sethia1
MOREPEN is an excellent buy!stock is at confluence of S<>R, 78.6% FIB. and channel supports......a wonderful buy!Longby Nattyshotstocks1111