Its a Great Pre election Indicator 2014: returns 360% 2019: returns. 180% 2024: Predicted 90% ! P.S: It makes Burnol
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 bright
Over 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...
Stock is in uptrend. Forming higher highs. Red line - stop loss Green Lines - target If reversal is seen it is good to enter.
MOREPENLAB WEEKLY CHART This stock has witnessed a breakout @ 42 levels, as marked by red ellipse. Its only an observation & not any suggestion.
Round Bottom Formation Support 48.80 break RSI Above 60 Daily / Weekly / Monthly Volume Growth Moving Averages in Line 21/50/200 Expected Level 75
Stock 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...
Morepean Lab Looks pretty much great on the weekly time frame for upper level
Morepen 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.
Reason 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...
Reason for long a) monthly breakout b) channel breakout c) SL compulsory
NSE:MOREPENLAB work according to level. chance for upward direction.
Break the trend line... After a massive rally.. and coming to some support....
Morepenlab 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.
Morepen Labs was in a descending channel for some time, if this week closes breaking the channel, we might see upmoves
Morepen Laboratories Gets US FDA's Approval for Anti-Allergy Drug in India expected to touch trend line @ 55 (round bottom form)
MOREPAN Labs .. I am bullish.. break the trend line 🚀🥳🥳
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...