SPARC an offshoot of Sun Pharma has been seeing some buying interest recently. The technical pattern is that of a rounding bottom.
The scrip is consolidating in the range of 80/- and 90/- for past two months. Upside resistance is at 92-93 levels and I expect that a break above this should give investors a target price of 110 initially and then 118-120/-.
Post break out, all longs must have a stop near Rs 80/-
Happy trading!
CA Rajiv D Khatlawala
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