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.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.