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
