SPARC trade ideas
SPARC - Ichimoku Bullish Breakout 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
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SPARC : on BO line 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- M:50.6 WK:51.9 D:58.9
2022-10-12:
On Daily time frame SMA 13 crossed SMA 55 from Bottom
RSI- M:49.5 WK:49.1 D:54.6
2022-10-10: Close Crossed WK & Monthly Pivots Upside
RSI- M:49.2 WK:48.3 D:53.4
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SPARC - MACD CROSSOVER 📊 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.
⏱️ C.M.P 📑💰- 241
🟢 Target 🎯🏆 - 280
⚠️ Stoploss ☠️🚫 - 226
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Expecting a Bullish Move in SPARCAs 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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SUN PHARMA ADVANCED RESEARCH DAILY CHART ANALYSIS AS ON 29.12.21SUN PHARMA ADVANCED RESEARCH COMPANY as per daily chart analysis stock once resistance 295 broken then above 296 for a target 304. Tomorrow there will be a gap down or initial bearish candles in the early sessions. Watch out and trade profitably.