Cup and Handle breakout done last week.
Targets are mentioned in the chart as red lines which is nothing but the intermediate resistances. The green colour is the final target.
Note: This is for educational purpose only.
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...
Sequent 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...
Stock has given move on daily & weekly chart with good volume and near to BO zone, and also trading above 200 DMA, follow chart for proper entry and exit levels.
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.
CMP: 181
Stock has taken support near 140-145 level.
Also completed 61.8% retracement from its all time high.
Looks ready to go up.
Expectation: 225, 267
CHART -> 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...
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 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.
Lets 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...
1) 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.
