All scripts posted here are only for study purpose do your analysis before taking any positions
THE CHART IS ON WEEKLY VERY GOOD BREAK-OUT WITH A GOOD VOLUME .
stock can break major resistance invest less in this one buy above 97
63 MOONS TECHNOLOGIES LTD BUY ABOVE 82.50 (3- 6 MONTHS) CMP - 81, TGT 120 , (45% UPSIDE) SL - 69 RISK :REWARD 1:3 **This post is for educational purpose only, please concern with your advisor before investing in market related instruments.**
In its down move it will find support at 108.50, intermediate term target is 141
Analysed levels mentioned on chart!!!
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
63MOONS BUY @T ENTRY : 114 STOP LOSS : 83 TARGET 1 : 121 TARGET 2 : 124 TARGET 3 : 129 TARGET 4 : 145
levels as mentioned in the chart.
IF IT BREAKS 100 MOVE WILL BE ON THE UPPER SIDE OR CORRECTION WILL CONTINUE
63MOONS:106 is an undervalued stock, But sale has to improve much. Don't forget the scam history.
Well below the book value, good buy zone
Share has made Rounding Bottom Pattern (indicated in graph). Last Candle that Share made in day graph was MARUBOZU (shown in green box) with good volume. In week graph, BULLISH ENGULFING pattern has been formed after downward price movement. Share price will go up now.