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.
IF ONE HAD PURCHASED, THEN, FROM THE CHARTS, THE EXIT LEVELS MAY BE PLACED AT 157 AND 164.
LET THE CLOUDS GET CLEAR, EVALUATE FUNDAMENTAL ASPECTS OF THE COMPANY BEFORE GOING LONG.
WAIT FOR NOW.
CROSSED THE RESISTANCE AT THE NECK LINE OF 114.9 WITH EASE AND WITH VOLUMES.
IT IS NEARING A RESISTANCE AT 138.
DO NOT ENTER AT THIS POINT.
SUCH A VERTICAL MOVEMENT CALLS FOR PRECAUTION.
WAIT FOR THE NEWS WHICH HAD MADE SUCH A BIG BREAK OUT. THEN DECIDE.
just for watching as it does not have a future option , and it's a positional trade.
short below 89.10 after it touches 91.60
SL - 94.15 , if it crosses 94.15 after crossing 91.60 then avoid
target 78.90
