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(MOREPENLAB) Morepen Laboratories complete technical analysis [charts+indicators] | Buy/Sell Morepen Laboratories | (MOREPENLAB) share price targets

Complete technical analysis of Morepen Laboratories (MOREPENLAB) by charts plus indicators, forecast predictions and share price targets for Morepen Laboratories (MOREPENLAB)

Morepen Laboratories trades in NSE in Pharmaceuticals sector.

Showing technical analysis as on 2024-11-14 View latest technical analysis

10 day averaged volume of Morepen Laboratories is 8370530

Date	Daily Closing Price	Open	High	Low	Volume
14 Thu Nov 2024	75.61	76.00	77.67	75.25	0.677 times
13 Wed Nov 2024	75.53	79.50	79.56	75.11	0.985 times
12 Tue Nov 2024	79.81	80.00	82.79	79.26	1.115 times
11 Mon Nov 2024	80.28	83.80	87.38	77.48	2.621 times
08 Fri Nov 2024	83.34	85.05	86.40	83.05	0.84 times
07 Thu Nov 2024	84.60	85.93	87.21	84.05	0.697 times
06 Wed Nov 2024	85.93	82.90	86.40	82.40	1.139 times
05 Tue Nov 2024	82.34	80.00	82.90	79.53	0.991 times
04 Mon Nov 2024	80.26	81.00	81.00	77.65	0.734 times
01 Fri Nov 2024	80.83	80.25	81.50	80.11	0.244 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 76.7, but if it comes above 76.7, then a intra day buy could be more profitable.
If you take a sell trade below 76.7, then use 76.7 as stoploss and 72.8 as target. However if you take a buy trade in stock , then use 76.7 as stoploss and 79.93 as target.

Share price targets for Morepen Laboratories (MOREPENLAB)

Target Type	Value
Downside Target	52.00
Downside Target	55.50
Downside Target	62.10
Downside Target	72.80
Upside Target	77.65
Upside Target	79.26
Upside Target	81.50
Upside Target	83.50
Upside Target	86.00
Upside Target	87.38
Upside Target	94.45
Upside Target	100.90

Intraday share price targets for Morepen Laboratories (MOREPENLAB)

Target Type	Value
Downside Intraday Target	71.35
Downside Intraday Target	67.1
Upside Intraday Target	83.62
Upside Intraday Target	91.64
Upside Intraday Target	79.37

Weekly technical analysis of Morepen Laboratories (MOREPENLAB)

Date	Weekly Closing Price	Open	High	Low	Volume
14 Thu Nov 2024	75.61	83.80	87.38	75.11	1.226 times
08 Fri Nov 2024	83.34	81.00	87.21	77.65	1.336 times
01 Fri Nov 2024	80.83	75.30	81.50	73.65	0.509 times
25 Fri Oct 2024	74.60	85.95	86.85	72.80	0.694 times
18 Fri Oct 2024	85.56	88.23	94.45	83.50	1.03 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Morepen Laboratories (MOREPENLAB)

Date	Monthly Closing Price	Open	High	Low	Volume
14 Thu Nov 2024	75.61	80.25	87.38	75.11	0.322 times
31 Thu Oct 2024	79.88	85.74	94.45	72.80	0.605 times
30 Mon Sep 2024	85.49	80.20	100.90	79.26	0.629 times
30 Fri Aug 2024	79.71	60.50	86.00	55.50	4.19 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Morepen Laboratories (MOREPENLAB)

Price action analysis of Morepen Laboratories ( (MOREPENLAB) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Morepen Laboratories ( (MOREPENLAB) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Morepen Laboratories ( (MOREPENLAB) ) based on a mid to longer term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

ADX buy sell signal for Morepen Laboratories stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Morepen Laboratories in short term and the sell signal is strong.

Morepen Laboratories Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a SELL signal for Morepen Laboratories in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying might be slowing down

Stock of Morepen Laboratories is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 80.86 and Morepen Laboratories (MOREPENLAB) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Morepen Laboratories (MOREPENLAB) stock. Volume based technical analysis of Morepen Laboratories (MOREPENLAB) stock is negative.

Morepen Laboratories Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.