Sequent is performance based stock. It gave a breakout earlier and now after a nice consolidation it seems to move again in bullish direction.
Reasons:
Verdict:
Bullish Movementum Continuous
Plan of action:
Buy: 101
Stoploss: 98
Target: 112-114
Reasons:
- Taking support at trendline near 200 EMA and VWAP.
- Moving in Higher HIGH Higher LOW.
- Important level are marked in the chart.
- RSI breaking 50 to upside shows Bullishness.
- Re-Breakout after 3 month of consolidaiton.
Verdict:
Bullish Movementum Continuous
Plan of action:
Buy: 101
Stoploss: 98
Target: 112-114
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.