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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 2025-02-06 View latest technical analysis

10 day averaged volume of Morepen Laboratories is 3001166

Date	Daily Closing Price	Open	High	Low	Volume
06 Thu Feb 2025	62.68	66.85	67.65	61.81	2.117 times
05 Wed Feb 2025	66.68	64.25	67.00	64.25	0.891 times
04 Tue Feb 2025	64.12	63.00	64.50	62.54	0.849 times
03 Mon Feb 2025	62.02	63.50	63.97	61.70	0.751 times
31 Fri Jan 2025	65.03	62.76	65.45	62.21	0.978 times
30 Thu Jan 2025	62.44	63.35	64.45	62.20	0.875 times
29 Wed Jan 2025	63.01	60.65	63.35	60.65	1.001 times
28 Tue Jan 2025	60.08	61.19	61.74	57.21	1.779 times
27 Mon Jan 2025	60.84	63.45	63.45	59.88	1.383 times
24 Fri Jan 2025	63.59	66.50	66.50	63.24	0.793 times

Stock of Morepen Laboratories (MOREPENLAB) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 62.5 as stoploss in an intra day buy trade for a target of 65.23. However, stock will show a bearish move below 62.5.

Share price targets for Morepen Laboratories (MOREPENLAB)

Target Type	Value
Downside Target	57.21
Downside Target	61.70
Upside Target	63.24
Upside Target	65.45
Upside Target	67.65
Upside Target	71.32
Upside Target	72.80
Upside Target	75.26
Upside Target	78.45
Upside Target	80.65
Upside Target	87.38
Upside Target	91.70
Upside Target	94.45

Intraday share price targets for Morepen Laboratories (MOREPENLAB)

Target Type	Value
Downside Intraday Target	60.37
Downside Intraday Target	58.06
Upside Intraday Target	66.32
Upside Intraday Target	69.96
Upside Intraday Target	64.01

Weekly technical analysis of Morepen Laboratories (MOREPENLAB)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Thu Feb 2025	62.68	63.50	67.65	61.70	0.766 times
31 Fri Jan 2025	65.03	63.45	65.45	57.21	1.053 times
24 Fri Jan 2025	63.59	67.70	71.32	63.24	0.81 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

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
06 Thu Feb 2025	62.68	63.50	67.65	61.70	0.146 times
31 Fri Jan 2025	65.03	78.30	80.65	57.21	0.613 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

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 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 BUY signal for Morepen Laboratories in short term but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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. Bulls are getting stronger in this stock.

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 but SELL signal is weak.

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

Although the stock is in the SELL zone, but selling 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 62.7 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.