A complete bearish cup formation on this pharma stock. The stock now stands on a very crucial point, the support level around (160-185). It may take a turn after the huge fall and consolidate around these levels for sometime. RSI is also below 40.
NSE: SEQUENT is closing with a bullish consolidation candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 13% gain on...
The above analysis is done purely on basis of Price Action & Chart Patterns.
The analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets. Also, the final target is more than 50% from here and thus price may take few months to reach the final target.
Trade setup is explained in image itself.
Also check out the...
Coming out of a VCP or a cup and handle pattern.
Awaiting a breakout.
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Sequent NSE:SEQUENT Looks Pretty strong now. After long time consolidation it has started moving up. As per my indicators Sequent can be bought around 75-82 Levels with SLTP of 65 on closing basis. It should hit 110-115 very soon .
