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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 2025-01-21 View latest technical analysis

10 day averaged volume of Morepen Laboratories is 4467350

Date	Daily Closing Price	Open	High	Low	Volume
21 Tue Jan 2025	67.37	70.93	71.32	67.03	0.966 times
20 Mon Jan 2025	70.93	67.70	71.31	67.52	1.212 times
17 Fri Jan 2025	67.44	68.20	68.40	67.07	0.718 times
16 Thu Jan 2025	68.14	67.25	68.65	67.05	0.587 times
15 Wed Jan 2025	66.80	69.00	69.00	66.50	0.99 times
14 Tue Jan 2025	67.93	65.74	68.34	64.92	1.073 times
13 Mon Jan 2025	64.92	67.50	68.74	64.02	1.372 times
10 Fri Jan 2025	68.23	71.00	71.39	67.74	1.353 times
09 Thu Jan 2025	70.89	74.29	74.40	70.42	0.971 times
08 Wed Jan 2025	74.30	75.54	75.83	73.91	0.749 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 68.2, but if it comes above 68.2, then a intra day buy could be more profitable.
If you take a sell trade below 68.2, then use 68.2 as stoploss and 62.4 as target. However if you take a buy trade in stock , then use 68.2 as stoploss and 72.98 as target.

Share price targets for Morepen Laboratories (MOREPENLAB)

Target Type	Value
Downside Target	64.02
Downside Target	67.03
Upside Target	71.32
Upside Target	72.80
Upside Target	75.26
Upside Target	78.45
Upside Target	80.65
Upside Target	81.64
Upside Target	87.38
Upside Target	91.70
Upside Target	94.45
Upside Target	100.90

Intraday share price targets for Morepen Laboratories (MOREPENLAB)

Target Type	Value
Downside Intraday Target	65.83
Downside Intraday Target	64.28
Upside Intraday Target	70.12
Upside Intraday Target	72.86
Upside Intraday Target	68.57

Weekly technical analysis of Morepen Laboratories (MOREPENLAB)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Tue Jan 2025	67.37	67.70	71.32	67.03	0.46 times
17 Fri Jan 2025	67.44	67.50	69.00	64.02	0.716 times
10 Fri Jan 2025	68.23	78.20	78.45	67.74	1.795 times
03 Fri Jan 2025	78.97	77.00	80.65	75.26	1.386 times
27 Fri Dec 2024	76.86	81.19	81.64	76.70	0.461 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
21 Tue Jan 2025	67.37	78.30	80.65	64.02	0.448 times
31 Tue Dec 2024	78.16	79.00	91.70	75.26	1.142 times
29 Fri Nov 2024	78.96	80.25	87.38	73.00	0.516 times
31 Thu Oct 2024	79.88	85.74	94.45	72.80	0.605 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 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 short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Morepen Laboratories ( (MOREPENLAB) ) based on a short to mid 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 mid to longer 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.

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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

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 negative zone. This is the SELL zone

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 68.5 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.