MOREPEN Labs Multiple Supports and 200 EMA Breakout

The share seems to have given a breakout on 200 EMA and now taking crucial support at it. There has been an increase in Volumes since the past week which strengthen the uptrend. RSI is also in line with the trend.

Results are due on 05th May, if it turns out to be positive, the rally may go beyond the short-medium target of 60/- and touch the heavy resistance zone of 72-75/-

Moving AveragesTrend AnalysisVolume

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