More pen Lab has formed CUP AND HANDLE pattern on the Daily charts and has given a breakout with good volumes.
A cup and handle price pattern resembles a cup with a handle, where the cup is in the shape of a "u" and the handle has a slight downward drift. A cup and handle is considered a bullish signal signalling an uptrend.
Morepen Labs is trading above its 11 & 22 day EMA. RSI is at 73 and MACD is well above zero line signalling positive momentum.
CMP- Rs. 66
Target Price- Rs.90 ( 35%)
SL - 62
Disclaimer: This is not a buy/sell recommendation. For educational purpose only. Kindly consult your financial advisor before entering a trade.
A cup and handle price pattern resembles a cup with a handle, where the cup is in the shape of a "u" and the handle has a slight downward drift. A cup and handle is considered a bullish signal signalling an uptrend.
Morepen Labs is trading above its 11 & 22 day EMA. RSI is at 73 and MACD is well above zero line signalling positive momentum.
CMP- Rs. 66
Target Price- Rs.90 ( 35%)
SL - 62
Disclaimer: This is not a buy/sell recommendation. For educational purpose only. Kindly consult your financial advisor before entering a trade.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.