Currency Grow (CA & SEBI Reg IA Omkar Bhutada) · 23rd May
Looking at SPARC again with the marked range, I’d refine the view slightly. The character of the breakout candle matters here.
SPARC
What changed:
Massive weekly expansion candle (~28% move) directly into resistance
Price has now essentially closed at/above the 15–16 month range ceiling (~₹205)
This is no longer only a “candidate” setup — it is entering active breakout territory
The structure is:
Long rectangle accumulation → sharp markup phase
That transition can create fast moves because supply above the range tends to be limited.
My roadmap from this chart:
Immediate trigger: ₹205–210
A weekly close + follow-through above this zone is important.
Then probable zones:
₹230–235 → first pause
₹255–270 → short-term measured objective
₹300+ → larger positional target
Range measurement:
Base height ≈ ₹205 − ₹110 = ~₹95
Target projection:
₹205 + ₹95 ≈ ₹300
What I particularly like:
✔ Long sideways structure
✔ Breakout after accumulation, not after euphoria
✔ Strong momentum candle
✔ Expansion from lower range
What I'd still watch:
This candle is huge. Large expansion candles often see 1–2 weeks of digestion or retest.
Healthy behavior:
Retest around ₹190–205
Hold and move higher
Unhealthy behavior:
Close back inside the box below ₹180–185