SPARC trade ideas
SPARC may Sparc soon : Buy if below condition satisfiesThe chart is creating Pennant pattern but not completed yet.
Buy if the price crosses the resistance line and closes above it with that it should create a new candle above the resistance line then buy it.
Expecting Target of 250, 275, 290.
I'm not giving you a specific entry so that u have to check the chart daily.
Finally as always apply a bit of your studies and buy.
NSE:SPARC
Breakout in SPARCThere is a Breakout generated in SPARC. If you check the daily chart of this stock you can see it has retested at 217, which was resistance of it and now it will bounce back. All levels and analysis can be seen in the chart. Thanks. 😊
Targets :- 245, 270
Stop loss :- Below 205 on closing basis.
SPARC Long, breakout of rectangular pattern with good volumesLong SPARC with SL around 200, Targets open till 400-450
SPARC, Time to show some spark?Pretty encouraging PA. good bottom formation visible post 9 month consolidation.
Playing catch-up with the parent company.
SPARC: Stormy wave 3 ?After long term correction, stock has given a breakout of a long term downtrend line & restested as well. On observation we can find an inverse Head and Shoulder pattern. The prices has given a breakout above the neckline of the inverted H&S with strong volume on weekly chart.
On the perspective of wave analysis, we can clearly count the up move from the bottoms to the necklines a full impulse 1-2-3-4-5 as wave- (i) and the right shoulder correction as a wave -(ii). The Breakout above the neckline (wave-(i) should be considered as the starting of the wave-(iii).
One should buy the stock on current levels & add on dips till the neckline level. Maintaining a stop loss of 160 one should one should remain invested and look for the measured target for inverse H&S as 330 and wave-iii minimum target guideline as 345. holding these levels in future , stock will likely to move upwards for the targets of 450 area.
INVESTMENT STRATEGY:
Buy on cmp : add on dips, SL: 160 tgt: 330-345 /400/450
INVERSE H&S BREAKOUT.GET LONG ON RE-TESTSPARC HAS GIVEN MAJOR BREAKOUT FROM MULTIPLE RASISTANCE OF 204-206 RANGE WITH TREMENDOUS VOLUMES.GET LONG ON RE-TEST OF 204-206 ZONE WITH STOP-LOSS@169 ON CLOSING BASIS AND TGT OF 265 AND 325.
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
Multi year breakout in Sun Pharma Advanced Research Company LtdSPARC ( CMP Rs 220) weekly chart . Stock gave multiyear price and volume BO , highest levels were recorded after 2019. Volumes were 7 times the daily average volume. Since pharma stocks are booming and Nifty pharma is at life time high , so this subsidiary of Sunpharma should be under watch. SL can be below BO levels ( i.e Rs 210).
SPARC - CMP: 220 Go Long!Over a Year after, It has given breakout with a good delivery volume. It has given rounding bottom breakout in a longer and shorter time frame. We can expect a pattern price target as 235 to 250 in the near term. Also, long-term investors can hold stock with a target of 330.
SPARC TRYING SUPPORT RESISTANCE TIK TOK. Predicting BREAK OUTSPARC BUY AT CMP162/148 SL 141 TARGET 262+
SPARC: Resistance BO with HEAVY VOLUMES 🤩📌 Levels are mentioned on chart for ❝Swing trading❞.
The stock has shown all time high volume along with the breakout from an important resistance level .
▣ Key Highlights:
➨ Time frame WEEKLY 𝓦
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Multi year breakout, short term trendline break 1. Multi year breakout with huge green candle.
2. Short term trendline breakout
3. Huge volume
SPARC's beautiful pattern and breaking resistance after 2.5yearsBreaking the resistance with increased volume activity after 5 attempts on weekly chart. Looks good for long given that the pharma sector is likely to outperform (CMP 220.35).
