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CA Omkar Bhutada - SEBI Reg IA

9th Jul · SEBI-Registered Analyst

SPARC spent almost 18 months inside a broad consolidation (~₹115–255).

SPARC
Longer consolidations generally produce stronger moves once they resolve. ✅ 2. Clean Resistance Breakout The major resistance around ₹255 has been broken decisively. Weekly candle has closed well above resistance. ✅ 3. Strong Momentum Candle Breakout candle is large with good range. Indicates institutional buying rather than a marginal breakout. ✅ 4. Volume Expansion The breakout appears accompanied by much higher volume than previous weeks. This is exactly what you want to see. ✅ 5. Little Overhead Supply Between ₹255 and roughly ₹320–340 there isn't much historical congestion. Price can move relatively quickly once momentum continues.

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