$MOREPENLAB Strong Horizontal Breakout: The stock has decisively broken above the ₹54–55 resistance zone, which had capped prices since September 2025. This breakout indicates renewed bullish momentum. Volume & Momentum: The breakout candle is large and impulsive, suggesting strong buying interest. A sustained close above the breakout level would strengthen the bullish structure. Support Zone: The previous resistance at ₹54–55 may now act as an important support. As long as the stock holds above this zone, the positive bias remains intact. Resistance Levels: Immediate resistance is around ₹64–66, followed by ₹68–70, where previous supply was seen. Trading View: A successful retest of ₹54–55 followed by fresh buying would provide higher confidence for continuation toward the next resistance levels. A decisive close below ₹54 could weaken the breakout.