Morepenlab at supportMorepelab at support.
If it sustain this level then it will be a good buy for target of 50+
MOREPENLAB trade ideas
Morepen Lab - Looks promising for a buy due to multiple reasons 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!
MOREPENLAB LongMorepen 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 )
