SPARC trade ideas
SPARC BREAKOUT !!Round Bottom Breakout done.
Good for Short term and Long term.
Target 480 , 600, 750.
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Disclaimer : This is not a Buy or Sell recommendation. I am not SEBI Registered. Please consult your financial advisor before making any investments . This is for Educational purpose only.
#SPARC is getting ready for a sparkling move #superchartzKey Levels:
Support: 360 to 350
Resistance: 389, 399, 421
Key Drivers:
Sun Pharma Advanced Research Company Ltd focuses on R&D of pharmaceutical products, earning revenue from license fees, royalties, and R&D services. In FY23, it obtained USFDA approval for Sezaby and filed for NDA of PDP-716 in collaboration with Visiox Pharma. The company primarily targets oncology & neurodegeneration, with 8 pipeline assets in various stages. It has shifted focus from New Drug Delivery Systems to New Chemical Entities, investing heavily in R&D. SPARC is part of the SunPharma Group, with significant corporate backing. It faced an IT security incident in March 2023, though business operations were not directly impacted. The company plans Phase 1 studies for SCD-153 and SBO-154 in FY24 and FY25, respectively, aiming for continued growth through collaborations and new preclinical programs.
Sun Pharma Advanced Research Company Ltd*Sun Pharma Advanced Research Company Ltd*
P&F; Formation on Monthly Basis.
Price BreakOut Needed. To be Watched.
Resistance @ 390.
Vol. BuiltUp Getting Stronger.
RSI: 1H>DM. All in Bullish Zone.
EMAs: Widening Gaps amongst 20 /50 /100 /200.
*Trail SL with Upside*
*Book Profit as per Risk Appetite*
*_,Do Your Own Research as well. This is an Opinion._*
Happy Investing 😇
Perfect on-neck pattern breakout on daily chartA Bullish Breakout of On Neck pattern and a Rounding Bottom is visible on the Daily chart of NSE:SPARC
MACD gave Positive crossover on Daily, Weekly and Monthly chart. So, expecting the momentum to continue.
One can create a fresh position in the scrip as per the levels mentioned on the chart.
Risk Disclaimer:
The information provided in this analysis is based on my personal interpretation of market conditions and the available data at the time of writing. It is advisable to seek advice from a qualified financial professional and to conduct your own research before making any investment decisions.
SPARCStock name = Sun Pharma Adv.
Weekly chart setup
Chart is 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 and selling recommendations. I am not SEBI registered. please consult your financial advisor before taking any trade.
SPARCSPARC
Looks really good technically as the fundamentals seem to be improving as the losses are narrowing.( Not sure what's happening in the background)
An important Gann level breakout and forming an inverse h&S ok the higher time frames.
Weekly golden crossover in making as well.
Keep this in your watchlist and trade/invest based on the levels marked
Strength Gaining Stock! #SPARCStrength Gaining Stock!
Sun Pharma Advanced Research Company Ltd #SPARC
1- Bullish Reversal
2- High Weekly Volume
3- Positive MACD Diversion
Note: Technical Analysis is for Educational Purpose. I am not SEBI registered. Consult your financial advisor for any Investment Advice.
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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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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