Morepen Lab is manufacturer of wide range of API products for Pharma company and also have works in developing wide range of Home health care products like BP Monitor, Glucometer and other portable home health care product.
Recently they announced that they will be separating their device production business and pharma business in 2 separate arms and post that Stock was continuously falling in Trading market, however the news was supposed to be positive.
After a long consolidation today it seems Morepen Lab started moving back up in last few days and todays move is triangle breakout which may give good return in next few days.
Look at chart below and decide yourself.
This is not a buy or sell recommendation. This post is made just for knowledge sharing. Please consult financial advisor before taking any trade.
What should be Target if upmove continues according to you
Tgt is previous high made few days back…. Visible on chart.
Do some study on your own before buying please, don’t buy because we recommended.