Expecting a Bullish Move in SPARC

As per the 2 Hour Chart of SPARC, we have witnessed a Formation of “Hammer”.

Therefore, we are expecting to witness a bullish momentum in the stock in the upcoming trading sessions. Wherein it is being expected to face a resistance initially at around the levels of 316.75, 319.85, and 327.20. Whereas, on the other hand, on the downside levels, the stock may face a support at the level of 307, on closing basis.
Closing Price (as on 12.01.22) : 311.90


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Comment:

SPARC has successfully reached its predicted 1st & 2nd level of Resistance, reflecting an upmove of 2.55%

Comment:

SPARC has successfully reached all of its predicted levels of Resistance, thereby reflecting an upmove of 4.91% in just one day itself.