In today's trading session SPARC has completed WXYXZ triple correction when it crossed 233 levels.
After such side ways correction,subsequent move is supposed to be an 5 wave impulse which can take out previous high from where the correction has started.
Hence one can go long @ cmp of 235 with a stop of 228 on closing daily basis on the down side and target of 266 on the upside.
Follow risk management and money management rules and trade wisely.
ps:By the time i finished writing this post price has gone up to 239,and one can still go long @ this price
DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The study provided is solely the personal views of my research. You are advised to rely on your judgment while investing/Trading decisions. Past performance is not an indicator of future returns. Investment is subject to market risks. Seek help of your financial advisors before investing/trading.
I may or may not trade this analysis
After such side ways correction,subsequent move is supposed to be an 5 wave impulse which can take out previous high from where the correction has started.
Hence one can go long @ cmp of 235 with a stop of 228 on closing daily basis on the down side and target of 266 on the upside.
Follow risk management and money management rules and trade wisely.
ps:By the time i finished writing this post price has gone up to 239,and one can still go long @ this price
DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The study provided is solely the personal views of my research. You are advised to rely on your judgment while investing/Trading decisions. Past performance is not an indicator of future returns. Investment is subject to market risks. Seek help of your financial advisors before investing/trading.
I may or may not trade this analysis
Trade closed: target reached