SPARC - SWING TRADE - 27th November #stocks

SPARC (1W TF)

Swing Trade Analysis given on 27th November, 2023 (Monday)

Pattern: ROUNDING BOTTOM
- Neckline Resistance Breakout - Done ✓
- Volume Buildup & Spike - Done ✓
- Retracement + Consolidation - In Progress

#stocks #swingtrade #chartanalysis #priceaction #traderyte #sparc

Trade closed manually:

SPARC Update
- Both Target Levels Achieved with Strong Breakout
- 57% in 27 Trading Sessions

#stocks #swingtrade #chartanalysis #priceaction #traderyte #sparc

Comment:

SPARC Update - 18th Feb, 2024

- After achieveing 57% the stock has retraced back to its Support/Demand Zone on a Weekly Time Frame
- On a Weekly Time frame wait for a pull back candle
- And a Falling Wedge pattern is in the making on a Daily Time Frame
- Breakout of this with a volume spike will give a good move back upwards
- TSL is mandatory due to market conditions

Trade active:

SPARC Update - 19th Feb, 2024

✓ Upper Circuit Lock
✓ 5% in 1 Trading Sessions

- TSL is On

Comment:

✓ SPARC Update - 1st March, 2024

- Retraced back to the support levels due to market conditions
- Volumes spikes initiated this week
- Falling Wedge Breakout again
- Reduced the Target Levels