Morepenlab Swing Trade
I have used SMA 44, Simple Support and Resistance tools and Trend Based Fibonacci Extension to do Technical Analysis of 
MOREPENLAB
Trend : SMA 44 and SMA 200 is Rising. So its an Advancing Trend.
Area of Value: It is observed that the Price always takes support near SMA 44. So Price near SMA44 is a good Area of Value.
Entry: Since Rs. 64.75 is supported by SMA 44 and Support is being made here ( observe the Support blue line). Also RSI reverses from 47 into an uptrend. An Entry may be considered at Rs. 64.75.A
Target: Using Trend Based Fibonacci Extension, a Target of Rs. 79 is fixed.
Stop Loss : Stop loss should be fixed below the previous support. Using this method Stop Loss of Rs. 56/- is arrived at.
MOREPENLABTrend : SMA 44 and SMA 200 is Rising. So its an Advancing Trend.
Area of Value: It is observed that the Price always takes support near SMA 44. So Price near SMA44 is a good Area of Value.
Entry: Since Rs. 64.75 is supported by SMA 44 and Support is being made here ( observe the Support blue line). Also RSI reverses from 47 into an uptrend. An Entry may be considered at Rs. 64.75.A
Target: Using Trend Based Fibonacci Extension, a Target of Rs. 79 is fixed.
Stop Loss : Stop loss should be fixed below the previous support. Using this method Stop Loss of Rs. 56/- is arrived at.
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