Stock formed a Price Action PatternCup and Handle and gave a Strong Breakout.
CMP : 277
Target : 348
Stoploss :247
This is not a buy or sell call, this analysis is shared for educational purpose.
#SPARC CMP 273 good volume for last many weeks and now coming above the resistance of 265 and closed above that.
Price action is forming a CnH also and can be taken for the target of 340/415 in midterm with SL of 260 on closing basis.
Pick of the Week: SPARC!
Trend continuation pattern with a wide range breakout candle.
Supported by significant volume action.
Crucial breakout candle sets the stage.
Join the momentum!
#stocks #trading #investing 🚀
Stock Name - Sun Pharma Advanced Research Company Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 274
#This is not Buy and Sell recommendation to any...
Detailed View about this Breakout:
No.of Resistance: 4
No.of Support: 4
Consolidation days : 200+ days
I Post educational chart for 3 Swing / Potential Stocks Everyday.
Check Related Ideas section for more Swing Stock analysis.
SPARC | SWING TRADE | BULLISH MOMENTUM
Below are the indicators of bullish momentum
1) Market Structure Breakout
2) Stock taking support of 20 EMA for past 2 weeks
3) Triangle Pattern Breakout
Note: This Analysis is only for educational purpose
Chart is self explanatory.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Stock Name - Sun Pharma Advanced Research Company Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 255
#This is not Buy and Sell recommendation to any...
Based on the past couple of days' momentum of SPARC, high probability of crossing the resistance. If sustains above 242, we can see 263 immediately and may test 290-300 levels.
2022-10-13:
Close Crossing 4 week High, Also daily close forming- Shooting Star
On Daily daily and Weekly time frames close above 20 SMA
Also Close crossed Weekly SMA-13 Upside RSI- ...
📊 Script: SPARC (SUN PHARMA ADVANCED RESEARCH COMPANY LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: NIFTY PHARMA
📊 Sector: Healthcare
📊 Industry: Pharmaceuticals & Biotechnology
Key highlights: 💡⚡
📈 Script is trading at upper band of BB and giving Breakout.
📈 MACD is giving crossover.
📈 Crossover in Double Moving Averages.
📈 Right now RSI is around 73.
⏱️...
NSE:SPARC
One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
Close should be good, and Clean.
R:R ratio should be 1 :2 .
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
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...
