Multiyear Breakout In 63 Moon
Cmp 393
SL - 239 ( Monthly Closing Basis )
Target - 1200/1700/2500
Reason : 2014 High ( 404 ) Broken And Closed Above It ( 471 ) In 2023
High Probability Of Abnormal Move To 1200/1700/2500
Here I am using 63Moons monthly chart to explain how Wyckoff Accumulation works. The Wyckoff Accumulation has 5 major phases.
Phase A - Stopping the previous trend
Phase A marks the stopping of prior downtrend.
The Preliminary Support(PS) indicates that some buyers are showing up but still not enough to stop the downward move.
The Selling Climax(SC) is...
BUY - 63 MOONS TECH
CMP - Rs. 313
Target - 1: Rs. 573
Target - 2: Rs. 842
Target - 3: Rs. 1123
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Timeframe - 6 months - 2 years
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Technicals - Trendline Breakout
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This is just a view by an expert analyst, please invest at your own risk.
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Stock Name - 63 Moons Technologies
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 273
#This is not Buy and Sell recommendation to any one. This is for education...
63 moons technology stocks in making a different pattern having big resistance above 400 if stock closed above that level on monthly basis then there will be positive indication that price will move in north.
63MOONS on Breakout; above 201.3 on Tuesday 28 Feb for Intraday gains
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Please check out the INTRADAY Trading Strategy in the COMMENTS section below during the live market hours:
1) Impulse upmove stage: The strong upmove (nearly upto 2% from breakoutprice) happens within the first five to...
Stock Name - 63 Moons Technologies
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 183
#This is not Buy and Sell recommendation to any one. This is for education...
63 Moons
NSE:63MOONS
Cmp - 111
Stop - 80 on WCB
Expectation -
T1 - 500
T2 - 1250, Review at 500
Expected Holding Period - 240 trading days or earlier for T1
View:- Positional/Investment
Disclaimer:-
Ideas being shared only for educational purpose
Please do your own research or consult your financial advisor before investing
The stock has given Wedge Pattern breakout on the daily chart. RSI indicating continuation of the uptrend. We can expect price movement up to 116 in the near term.
