Is 63 Moons Tech. technically bullish or bearish?

Nov 29 2025 08:22 AM IST
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As of November 28, 2025, 63 Moons Tech shows a mildly bearish trend with mixed signals, as weekly and monthly MACD and KST indicate bearish conditions, while Bollinger Bands and weekly OBV suggest some underlying strength, warranting a cautious approach.




Technical Trend Overview


As of 28 November 2025, the technical trend for 63 Moons Tech. shifted from bearish to mildly bearish. This subtle change suggests a tentative easing of downward momentum, yet the overall technical stance remains cautious. The stock’s current price stands at ₹907.05, having surged from the previous close of ₹782.05, reflecting notable intraday volatility with a high of ₹938.45 and a low of ₹782.50. The 52-week trading range spans from ₹579.00 to ₹1,130.00, indicating substantial price movement over the past year.


Key Technical Indicators: A Mixed Picture


Examining the Moving Average Convergence Divergence (MACD), a widely followed momentum indicator, reveals bearish signals on the weekly chart and mildly bearish readings on the monthly chart. This suggests that while short-term momentum remains weak, there is a slight improvement in the longer-term trend.


The Relative Strength Index (RSI), which measures the speed and change of price movements, currently offers no clear signal on both weekly and monthly timeframes. This neutrality implies that the stock is neither overbought nor oversold, leaving room for directional movement in either direction.


Conversely, Bollinger Bands, which track price volatility and potential breakout points, show bullish indications on both weekly and monthly charts. This points to increased price momentum and potential upward pressure, signalling that the stock may be poised for further gains if volatility sustains.


Moving Averages and Other Momentum Tools


The daily moving averages present a mildly bearish stance, reflecting some short-term weakness or consolidation. Meanwhile, the Know Sure Thing (KST) indicator, which aggregates multiple rate-of-change measures, is bearish on the weekly chart and mildly bearish on the monthly chart, reinforcing the cautious tone in momentum.


Dow Theory analysis, a classical method of trend confirmation, shows no clear trend on the weekly timeframe but mildly bearish conditions on the monthly scale. This suggests that while short-term price action is indecisive, the broader monthly trend still leans towards caution.


On-Balance Volume (OBV), which tracks buying and selling pressure through volume flow, is mildly bullish on the weekly chart but mildly bearish on the monthly chart. This divergence indicates that recent trading volumes have supported price gains in the short term, but longer-term volume trends remain subdued.



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Price Performance Relative to Sensex


Despite the mixed technical signals, 63 Moons Tech. has delivered impressive returns relative to the Sensex benchmark. Over the past week, the stock surged by 22.8%, vastly outperforming the Sensex’s modest 0.6% gain. The one-month return of 14.3% similarly dwarfs the Sensex’s 1.3% rise.


Year-to-date, the stock’s return is a modest 0.4%, lagging behind the Sensex’s 9.7%. However, over longer horizons, 63 Moons Tech. has demonstrated exceptional growth: a 43.7% gain over one year compared to the Sensex’s 8.4%, and a staggering 489.8% return over three years versus the Sensex’s 37.1%. The five- and ten-year returns are even more pronounced, with the stock appreciating by 852.3% and 796.7% respectively, far exceeding the Sensex’s 94.1% and 228.0% gains.


Interpreting the Technical and Fundamental Context


The juxtaposition of mixed technical indicators with strong historical returns presents a nuanced picture for investors. The mildly bearish technical trend and bearish momentum indicators caution against over-optimism in the near term. Yet, the bullish Bollinger Bands and short-term volume support hint at potential upside if the stock can sustain its recent price momentum.


Investors should also consider the stock’s position within the Computers - Software & Consulting industry, a sector known for rapid innovation and volatility. The stock’s ability to outperform the Sensex substantially over multiple years suggests strong underlying fundamentals or market positioning, which may eventually translate into sustained technical strength.



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Conclusion: A Cautiously Optimistic Outlook


In summary, 63 Moons Tech. currently exhibits a technically cautious profile with a mildly bearish trend and a mixture of bearish and bullish signals across key indicators. The absence of strong RSI signals and the divergence between short- and long-term momentum indicators suggest that the stock is in a consolidation phase rather than a clear directional move.


However, the robust recent price gains and exceptional long-term returns relative to the Sensex underscore the stock’s potential for growth. Investors should monitor key technical levels, particularly the 52-week high of ₹1,130.00, as a breakout above this could confirm a more sustained bullish trend. Conversely, a failure to hold above current support levels near ₹780 could signal further downside risk.


Given these factors, a balanced approach is advisable. Traders may look for confirmation from volume and momentum indicators before committing to new positions, while long-term investors might consider the stock’s strong fundamentals and historical outperformance as reasons to maintain exposure with appropriate risk management.





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