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Technicals for Sun Pharma Advanced Research Company Limited
By MusingTheNews
2025-05-30 20:57
Overall Technical outlook
Price Summary
On 2025-05-30, Sun Pharma Advanced Research Company Limited's stock started at 182.8, soared to 188.58, dropped to 181.0, and finished the day 1.29% higher at 185.15, with a trading volume of 2196848 shares. The stock's peak price over the last 52 weeks is 251.43, with the lowest being 112.01.
Technicals
Support and Resistance: At 185.15, the price is supported at 174.83 and faces resistance at 211.97. This range suggests that the price for SPARC might stay between these levels, with 174.83 acting as a floor and 211.97 as a ceiling. Support/Resistance for SPARC
Aroon: The continuation of Aroon's bullish trend, with Aroon Up at the 100 level, signals ongoing strength. To fully understand the implications of this trend, it should be examined further in conjunction with other technical indicators. Aroon chart for Sun Pharma Advanced Research Company Limited
Bol. Bands: The current price is above the upper Bollinger Band, maintaining this position since its recent rise. This indicates strong bullish momentum and suggests that the asset could be in an overbought state. Traders may view this as a sign of continued strength, but the prolonged period above the band also raises the possibility of a correction or pullback in the near future. Bolinger Bands chart for Sun Pharma Advanced Research Company Limited
Parabolic SAR: The PSAR for SPARC maintains a bullish outlook, establishing a crucial support level that may help maintain the current upward momentum. This strong support suggests that the market is poised to continue its upward trend, providing confidence in the ongoing bullish sentiment. Parabolic Stop and Reverse chart for Sun Pharma Advanced Research Company Limited
Stochastic: The stochastic indicator shows a bullish signal, with the K-line exceeding both the D-line and the 80 mark. This setup suggests strong upward momentum, implying that the market may continue to rise. Investors could consider this a favorable sign for continued market growth for Sun Pharma Advanced Research Company Limited. Stochastic chart for Sun Pharma Advanced Research Company Limited
Tripple Moving Agerage: The current state of the Tripple MOVING AVG is neutral, offering no clear signals of movement in either direction. This suggests a potential pause in market activity, with no strong trend emerging at the moment. Tripple SMA chart for Sun Pharma Advanced Research Company Limited
To make the most of a company's technical analysis, it's important to start with an understanding of its fundamentals. These include profitability, cash flow, and competitive positioning. Additionally, the industry in which the company operates plays a critical role, as trends and external factors can influence its market performance. By considering both the company's internal fundamentals and the external industry environment, more meaningful and accurate conclusions can be drawn from the technical data.
DISCLAIMER: We provide information and our musings based on events, but nothing on this site can be considered professional advice of any kind.
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