📊 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
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.