SEQUENT SCIENTIFIC By KRS ChartsDate: 4th July 2024
Time: 10:42 AM
Why Sequent Scientific ?
LH- Lower High, LL - Lower Low
HH- Higher High, HL- Higher Low
1. Applied Simple Dow Theory from year 2022 , It was consistently making LHs and LLs and very first time in Feb 2024 it breaks previous high and makes new HH , which is considered as a beginning of reversal.
2. After that on 3rd June Price action made new HL for first time without breaking previous LL level and moving upwards with strong candles and volume.
3. Meanwhile, on weekly TF price took support from 100EMA too and makes strong upward moves.
Target 1 - ~203 Rs.
Target 2 - ~260 Rs.
SL- Weekly Closing below 100EMA
Sequentscientific
SEQUENT SCIENTIFIC : Swing Trade#SEQUENT #swingtrade #breakout #momentumtrade #trendingstock
SEQUENT :
>> Momentum Stock
>> Trending Setup
>> Volumes Dried Up
>> Good Strength in Stock
>> Good Risk Reward
Swing Traders can lock profit at 10 % and keep Trailing
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Disc : Trade Ideas shared for Learning Purpose, not a Trade Recommendation
Sequent Scientific cmp 177.90 by Weekly Chart viewsSequent Scientific cmp 177.90 by Weekly Chart views since listing day
- Support Zone at 140 to 145 Price Band
- Price going upwards by Rising Support Trendline and having crossed Falling Resistance Trendline
- Upside targets to expect of 200++ and then some more based on continued price action and volumes momentum are sustained
Sequent Scientific PE is negative at -42
THE CARLYLE GROUP ACQUIRES A MAJORITY STAKE IN SEQUENT SCIENTIFIC LIMITED
Shares of Sequent Scientific soared over 9 percent in early trade on September 15 after the company's board approved the sale of its API (Active Pharmaceutical Ingredient) facility in Thane
Sequent Scientific (NSE:SEQUENT) delivers shareholders decent 8.8% CAGR over 5 years
Sequent Scientific shares jump 15% after terminating Tineta Pharma's proposed acquisition
mutual funds have increased stake from 0.25% to 1%
DII also increasing stake significantly
stock has come out of accumulation Phase!!!
Sequent Scientific potential rounding bottom formationSequent Scientifica CMP 122 ready for good upside with low correction potential. Can be added for 145/180/200 for longterm gains.
Sequent Scientific is India's leading animal health company, with presence in 5+ continents across 100 countries. Sequent Scientific Limited provides a wide-ranging portfolio of animal health products, including Finished Dose Formulations, APIs, as well as analytical services to the pharmaceutical and life sciences industries.
Base complete in Sequent?Chart -> Sequent Scientific Daily
CMP: 89
Good Range To Buy: 83 to 89
Targets: 95, 105, 113, 124
SL: 79.50 Daily Close
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
SEQUENT SCIENTIFIC rising from ashesCHART -> SEQUENT SCIENTIFIC DAILY SETUP
As we can see on chart, Sequent Daily chart is giving three bearish trendline breakouts. MACD finally going positive after August. Huge volumes also in last 2 days.
These factors should act as a forward looking journey for SEQUENT SCIENTIFIC.
Disclaimer: This is for educational purpose only. This is not any recommendations. I am not SEBI registered. Please consult your financial advisor before taking any action.
Chart Analysis of Sequent Scientific (11 Dec 2021)It is still trading in this downward channel. I don't expect the trend to change until and unless this downward channel is broken on the upper side.
I request everyone to wait for the signal and not rush in this stock. Don't get trapped looking at the volume.
Sequent ScientificSequent Scientific is in Animal Pharma API business, it is a very strong player in a relatively small industry. The stock is currently at its 61.8% retracement level. The stock should take support here, however, expect a time wise correction now in this counter. I remain Neutral but this can be a good accumulation zone if the levels are held.
Sequent Scientific | DailyLets Zoom-in to our Weekly chart shared previously and see what's happening in Sequent Scientific.
As mentioned in our previous weekly view, a weekly close below 214 level may result in trend reversal (Downtrend) for this stock.
Now, what can we see on Daily chart?
1)Today's close took support around 214-215 zone.
2)Bullish RSI divergence can be seen. Where Price making LL & RSI making HH.
3)RSI on weekly support (Check on weekly chart).
5)Upside gap yet to be filled.
Indications are at positive side but at the same time maintain cautiousness around 214 zone.
Lets see how things unfolds!!
Sequent Scientific Weekly View1) Weekly Trendline Support Broken.
2) Entered into Stage III - Consolidation/Minor correction.
3) Taking Support at 225.
4) If we apply Dow Theory:
(i) A close below previous swing low (HL/214) may result in change of Trend. Which is Stage IV - Downtrend. OR
(ii) Stage III may continue for a while before it enters next Stage II - Uptrend.