Price and trend forecast of SPARC for Tomorrow, Weekly, Monthly
Sun Pharma Advanced Research Company Limited
Symbol: NSE:SPARC
ISIN: INE232I01014
226.66
As on 2024-07-26
SPARC's Today's Performance
Sun Pharma Advanced Research Company Limited started the day by opening at 229.00 today 2024-07-26. Its shares reached a high of 232.00 and dipped to a low of 225.50 in intraday. When the markets closed, SPARC’s stock price settled at ₹226.66 per share. Also check out its key support and resistance levels.
SPARC Buy/Sell Targets
Tomorrow, sell SPARC when its price reaches ₹ 226.66 with a stop-loss order at ₹ 230.40. You can set the target price as ₹ 222.93 to capture potential gains. This sell position balances the risks and rewards evenly, aiming for a 1:1 risk-reward ratio.
In the sections below, we will discuss detailed share price target of SPARC for tomorrow's session along with weekly levels. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.
Important Down levels for SPARC
| Downside Targets | Value in ₹ |
|---|---|
| Tomorrow Down Target 1 | 231 |
| Tomorrow Down Target 2 | 235 |
| Tomorrow Down Target 3 | 237 |
Important Levels for SPARC
| Holding Levels | Value in ₹ |
|---|---|
| Tomorrow Up Target 1 | 224 |
| Tomorrow Up Target 2 | 222 |
| Tomorrow Up Target 3 | 218 |
Based on where the stock opens tomorrow, if SPARC opens on a positive note, our first target will be ₹231. If Target 1 is achieved, we will aim for Target 2 which is ₹235.
But if SPARC falls below the average value of ₹228.05, you can enter a sell side position with target number 1 - ₹224 and second target - ₹222 This average value also act as support and resistance level. When the stock is trading above the average, it will act like support area. Another important thing is, stocks usually get back to this average value when the price trades too far from avg. In simpler words we can consider the average price as a magnet.
Daily Volume chart of SPARC
Looking at SPARC, we've seen a Increasing trend in its trading volume over the past week, which really tells us how active traders have been with this stock.
In terms of its price, SPARC has been on a Downward path, giving us insights how its value changes in the market.
Based on this, the predicted sentiment for SPARC is moderate bearish.
Tomorrow's Volume based share price Forecast for SPARC
SPARC's Volume is currently in a Increasing trend, and Price is in a Downward direction. Therefore, we can say the stock is in a moderate bearish trend. Volume trend strength over the last month compared to the last week is -63%.
Reversal detection for SPARC
SPARC may reverse its trend from upside (Short term bearish outlook) and we can get target of ₹227 in morning tomorrow
| Target 1 tomorrow | 231 |
| Target 2 tomorrow | 232 |
| Target 3 tomorrow | 235 |
Investferry’s trend analysis method detects short term overbought and oversold situations to identify reversal in stocks. Use this as reference for short term counter trend trades.
Combine this trend forecast with SPARC's tomorrow's target prediction and you will have a base for what can be done in the upcoming trading session.
Based on where the stock opens tomorrow, if SPARC opens on a positive note, our first target will be ₹230.61. If Target 1 is achieved, we will aim for Target 2 which is ₹234.55.
But if SPARC falls below the average value of ₹228.05, you can enter a sell side position with target number 1 - ₹224.11 and second target - ₹221.55
SPARC's Weekly Targets
| 1st Up Target | 234.77 |
| 2nd Up Target | 242.88 |
| 1st Down Target | 216.78 |
| 2nd Down Target | 206.90 |
As the week for SPARC ended on bullish sentiments, we can expect further continuation of this sentiment. SPARC's initial target will be 234.77 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 216.78 in the upcoming week.
Weekly OHLC Values
| Open | 220.80 |
| High | 233.00 |
| Low | 215.01 |
| Close | 226.66 |
Week for SPARC started with an open price of 220.80, and the close was at 226.66. SPARC reached the highest of 233.00 and dipped lowest up to 215.01 last week. This indicates a bullish sentiment for the week.
SPARC full month swing targets
| Monthly Up Target 1 | 252.76 |
| Monthly Up Target 2 | 260.87 |
| Monthly Down Target 1 | 198.79 |
| Monthly Down Target 2 | 170.92 |
Targets of ₹252.76 can be expected to be reached in the coming month. Once SPARC achieved this target, we can aim for the next upside target of ₹260.87.
SPARC if fails to hold upside, down targets of ₹198.79 and ₹170.92 can be achieved by end of this month.
For complete three weeks if SPARC is bullish, the stock may decline in the last week on the month as traders usually close their positions. So in this case, you should aim for weekly support level which will act as targets here.
Related Stocks in the Same Sector as SPARC
| Symbol | Name | Industry |
|---|---|---|
| SUNPHARMA | Sun Pharmaceutical Industries Limited | Drug Manufacturers - Specialty & Generic |
| CIPLA | Cipla Limited | Drug Manufacturers - General |
| DRREDDY | Dr. Reddy's Laboratories Limited | Drug Manufacturers - Specialty & Generic |
| ZYDUSLIFE | Zydus Lifesciences Limited | Drug Manufacturers - Specialty & Generic |
| APOLLOHOSP | Apollo Hospitals Enterprise Limited | Medical Care Facilities |
Summary
SPARC is expected to reach the target of 230.61 in tomorrow's trading session.
After achieving the initial target in SPARC, we will aim for higher targets of 234.55 tomorrow.
However, if SPARC starts to trade below ₹228.05, then we will shift our focus to the sell side and aim for down targets of 224.11 and 221.55.