SPARC trade ideas
SPARC - Long Setup, Move is ON..NSE:SPARC
✅ #SPARC trading above Resistance of 357
✅ Next Resistance is at 610
Related charts:
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
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.
SPARC review - 399 from 273, 47% gains & still more to comereviewing NSE:SPARC
chart posted on 12th Dec 2023 when the price was 273
now it has made a high of 399
47% gains till now and more to come
I am expecting 500++
The objective of this analysis is knowledge sharing and education. There isn't any buy or sell advise in this article. Every stock is held for a short to medium amount of time and is positional.
It is expected of each person to carry out independent research and evaluation to ascertain whether my perspective is consistent with your studies.
link of 12th Dec 2023 post and
link of 30th Aug 2023 given below
SPARC - Go longFor Educational Purpose..
⚠️ I'm not a SEBI REGISTERED analyst & my view can be biased
⚠️ No Buy Sell recommendation, do your own DD.
#SPARC(SUN PHARMA ADV) IS READY TO BUY LONG
- Last 3-4 Months Volume Massive
- Multi Year Trendline Breakout
- After 5 Year
- 291 52W High
Waiting Time 3-6 Months
Long Above - 295
SL - 240
Target - 325, 350, 375, 400 & More...
Thank you
SPARC - Long Setup, Move is ON..NSE:SPARC
✅ #SPARC trading above Resistance of 302
✅ Next Resistance is at 357
Related charts:
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
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.
Sparc - Low Risk SetupThe stock has been traveling in a wedge formation for the last two months. This time it is at the bottom. Can take a chance if bounces from here.
The setup fails if sustains below the lower trendline of the wedge for 2 days.
This is only for learning and sharing purposes. Not a piece of trading advice in any form.
All the best.
SPARC Embarks on a Bullish TrajectorySPARC Embarks on a Bullish Trajectory: Cup and Handle Pattern Breakout Unveils Promising Prospects. A Detailed Examination Reveals Robust Volume Surge, Marking the Highest in the Last 2 Months. Comprehensive Analysis, including RSI and EMA, Aligns in Favor of a Substantial Upside Momentum. An Insightful Exploration into the Fundamental and Technical Landscape Positions SPARC for a Strategic Ascent, Backed by Strong Indicators and Noteworthy Volume Expansion.
SPARC - Ichimoku Breakout📈 Stock Name - Sun Pharma Advanced Research Company Limited
🌐 Ichimoku Cloud Setup:
1️⃣ Today's close is above the Conversion Line.
2️⃣ Future Kumo is Turning Bullish.
3️⃣ Chikou span is slanting upwards.
🚨 Disclaimer: This is not a Buy or Sell recommendation. It's for educational purposes and a guiding light to learn trading in the market.
#CloudTrading
#IchimokuCloud
#IchimokuFollowers
#Ichimokuexpert
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SPARC review - providing enough opportunity to take positionreviewing NSE:SPARC chart posted on 30th Aug 2023 when the price was 251
thereafter it made high of 289 and now trading at 273
providing enough opportunity to take position in this stock before it zooms rowards 500++
expecting to double from here
This analysis is being done for educational and knowledge-sharing purposes.
This article does not offer any kind of buy or sell advice.
All stocks are positional and are held for a short to medium period of time.
Everyone is expected to conduct their own research and analysis to determine whether my point of view align with your study.
link of 30th Aug 2023 post given below
🚀 "Bulls Unleashed: $SPARC Breaks Free CUP & HANDLE Eruption"🚀 "Bulls Unleashed: NSE:SPARC 's Explosive Breakout at 264 Signals a CUP & HANDLE Rally on Both Weekly and Daily Charts! 📈🔥
Embark on a thrilling journey as NSE:SPARC smashes through the 264 resistance, leaving no doubt about its bullish prowess. The charts are ablaze with a resounding bullish candle, crafting a compelling CUP & HANDLE pattern visible not only on the Weekly but also on the Daily timeframes. The story is not just told in numbers but underscored by substantial volume spikes, heightening the anticipation of a sustained upward surge. Buckle up for a bullish adventure as NSE:SPARC takes center stage in this potentially lucrative rally! 🚀💰
Amazing breakout on Weekly / Daily Timeframe - SPARC
Checkout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favour that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPEECTED!
NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get amazed!!
#No complicated chart patterns
#No big big indicators
#No Excel sheet or number magics
Weekly chart of Sun Pharma Advance Research Company Ltd.Fundamental Analysis:
Market Cap: ₹8861 crore
Current Market Price (CMP): ₹273.05
52-Week High: ₹278.85 | 52-Week Low: ₹162.10
PE Ratio: -34.94 (Low PE) | PB Ratio: 15.19 (average PB)
Technical Analysis:
Cup and handle pattern forming near neckline for breakout in the weekly frame.
Target: ₹312, ₹360 | Stop-loss: ₹230, ₹209.70
Recent breakout from upper Bollinger Band.
Note:
Exercise caution, wait for a confirmed breakout from the cup and handle pattern.
In case of pattern failure, consider buying below ₹240-230 levels.
Psychology of Cup and Handle pattern
Cup Formation:
Prices gradually decline in a "U" shape, wearing out speculators.
Volume decreases on the left side of the cup.
Accumulation Phase:
Institutional and strong hands see value, leading to increased volume as they accumulate the stock.
Resistance at Lip:
Prices encounter resistance at the level of the left side of the cup (lip).
Traders sell, forming the handle of the pattern.
Handle Formation:
Traders attempt to reach the resistance area, creating a handle.
Breakout Scenario:
Successful breakout if prices surpass the resistance area.
Indicates the end of a multi-month consolidation and the potential for continued upward movement.
Bearish Scenario:
If prices fail to break out, establishes a solid resistance area, indicating a bearish outlook for the chart.
Conduct thorough research before making any buying, selling, or holding decisions.
Disclaimer:
This analysis is for informational purposes only and not a recommendation for buying or selling. Financial decisions should be made after careful consideration and research. The market is subject to risks, and past performance is not indicative of future results.
Resistance Breakout - SPARC Please look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1%-2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
Please note that, if there are some big targets, those are drawn thinking for long term.