📊 MORPEN LABORATORIES | Long-Term Breakout 🚀
A powerful Multi-Year Rounding/Base Formation is visible on the 3M chart.
The stock has formed a long-term series of Higher Lows along the rising trendline and has now broken above the major ₹100.90 resistance.
🔑 Breakout: ₹100.90
📍 Current: ~₹106
🎯 Targets:
₹120 → ₹135 → ₹150 → ₹165–₹170 → ₹190–₹200
🛑 SL: ₹95
⚠️ Positional invalidation: ₹85
🔥 Key Level: ₹100.90
A successful retest of ₹100–₹101 could strengthen the breakout.
Structure: Multi-Year Base + Ascending Trendline + Resistance Breakout 📈
⚠️ Technical analysis only. Not a buy/sell recommendation.
#Morpen #MorpenLabs #Breakout #TechnicalAnalysis #StockMarket #NSE #SwingTrading #PriceAction #Multibagger #Trading
A powerful Multi-Year Rounding/Base Formation is visible on the 3M chart.
The stock has formed a long-term series of Higher Lows along the rising trendline and has now broken above the major ₹100.90 resistance.
🔑 Breakout: ₹100.90
📍 Current: ~₹106
🎯 Targets:
₹120 → ₹135 → ₹150 → ₹165–₹170 → ₹190–₹200
🛑 SL: ₹95
⚠️ Positional invalidation: ₹85
🔥 Key Level: ₹100.90
A successful retest of ₹100–₹101 could strengthen the breakout.
Structure: Multi-Year Base + Ascending Trendline + Resistance Breakout 📈
⚠️ Technical analysis only. Not a buy/sell recommendation.
#Morpen #MorpenLabs #Breakout #TechnicalAnalysis #StockMarket #NSE #SwingTrading #PriceAction #Multibagger #Trading
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.