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
Sequent Scientific is slowly and steadily climbing after a 6-month fall. The monthly sell-off is almost close to dead. The weekly and daily are both gaining strength. Though, I would still give it a little more breathing space before investing . Keep this on your watchlist!
This is not a recommendation though. Trade as per your knowledge and your risk...
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...
Sequent Scientific Cmp 184 dated 12.1.2022
1. Triangle Pattern BO @ 177
2. Volume surge
3. RSI BO
Buy for a tgt of 225 SL 160
It is just a view, pls trade at your own risk.
Go Long above 185.1 for Targets of 219.7. 254.3, and 288.9 with SL 150.5
Reasons to go Long :
1. On a Monthly timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.618 Fibonacci level.
2. Also a bullish candlestick pattern Bullish Inverted Hammer (marked with...
Buy 40% at CMP(184.05)
30 % above 194
and rest above 202
Target - 215/222/240
sl-160 (wclbs)
Frame 1-3 months
Disclaimer: This is educational purpose only. It is my personal view, please trade at your own risk.
