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Price and trend forecast of SEQUENT for Tomorrow, Weekly, Monthly

Sequent Scientific Limited

Symbol: NSE:SEQUENT

ISIN: INE807F01027

116.20

As on 2024-05-17

70.60 (52W Low) 155.50 (52W High)

SEQUENT's Today's Performance

Sequent Scientific Limited started the day by opening at 117.90 today 2024-05-17. Its shares reached a high of 118.20 and dipped to a low of 116.00 in intraday. When the markets closed, SEQUENT’s stock price settled at ₹116.20 per share. Also check out its key support and resistance levels.

SEQUENT Buy/Sell Targets

Tomorrow, sell SEQUENT when its price reaches ₹ 116.20 with a stop-loss order at ₹ 118.22. You can set the target price as ₹ 114.18 to capture potential gains. This sell position balances the risks and rewards evenly, aiming for a 1:1 risk-reward ratio.

In the sections below, we will discuss detailed share price target of SEQUENT for tomorrow's session along with weekly levels. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.

Important Down levels for SEQUENT

Downside Targets Value in ₹
Tomorrow Down Target 1 118
Tomorrow Down Target 2 119
Tomorrow Down Target 3 120

Important Levels for SEQUENT

Holding Levels Value in ₹
Tomorrow Up Target 1 115
Tomorrow Up Target 2 115
Tomorrow Up Target 3 113
Based on where the stock opens tomorrow, if SEQUENT opens on a positive note, our first target will be ₹118. If Target 1 is achieved, we will aim for Target 2 which is ₹119.

But if SEQUENT falls below the average value of ₹116.80, you can enter a sell side position with target number 1 - ₹115 and second target - ₹115 This average value also act as support and resistance level. When the stock is trading above the average, it will act like support area. Another important thing is, stocks usually get back to this average value when the price trades too far from avg. In simpler words we can consider the average price as a magnet.

Daily Volume chart of SEQUENT

Looking at SEQUENT, we've seen a Increasing trend in its trading volume over the past week, which really tells us how active traders have been with this stock.

In terms of its price, SEQUENT has been on a Downward path, giving us insights how its value changes in the market.

Based on this, the predicted sentiment for SEQUENT is moderate bearish.

Tomorrow's Volume based share price Forecast for SEQUENT

SEQUENT's Volume is currently in a Increasing trend, and Price is in a Downward direction. Therefore, we can say the stock is in a moderate bearish trend. Volume trend strength over the last month compared to the last week is -28%.

Reversal detection for SEQUENT

Predicted trend chart of SEQUENT tomorrow for price forecast
SEQUENT may trend may continue to be bearish since stock is making lower low and we can get target of ₹119 in morning tomorrow
Target 1 tomorrow118
Target 2 tomorrow118
Target 3 tomorrow119
 

Investferry’s trend analysis method detects short term overbought and oversold situations to identify reversal in stocks. Use this as reference for short term counter trend trades.

Combine this trend forecast with SEQUENT's tomorrow's target prediction and you will have a base for what can be done in the upcoming trading session.

Based on where the stock opens tomorrow, if SEQUENT opens on a positive note, our first target will be ₹117.60. If Target 1 is achieved, we will aim for Target 2 which is ₹119.00.

But if SEQUENT falls below the average value of ₹116.80, you can enter a sell side position with target number 1 - ₹115.40 and second target - ₹114.60

SEQUENT's Weekly Targets
1st Up Target 120.97
2nd Up Target 125.73
1st Down Target 112.57
2nd Down Target 108.93

As the week for SEQUENT ended on bearish sentiments, we can expect further continuation of this sentiment. SEQUENT's initial target will be 120.97 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 112.57 in the upcoming week.

Weekly OHLC Values
Open 116.80
High 122.10
Low 113.70
Close 116.20

Week for SEQUENT started with an open price of 116.80, and the close was at 116.20. SEQUENT reached the highest of 122.10 and dipped lowest up to 113.70 last week. This indicates a bearish sentiment for the week.

SEQUENT full month swing targets
Monthly Up Target 1 129.37
Monthly Up Target 2 134.13
Monthly Down Target 1 104.17
Monthly Down Target 2 92.13

Targets of ₹129.37 can be expected to be reached in the coming month. Once SEQUENT achieved this target, we can aim for the next upside target of ₹134.13.

SEQUENT if fails to hold upside, down targets of ₹104.17 and ₹92.13 can be achieved by end of this month.

For complete three weeks if SEQUENT is bullish, the stock may decline in the last week on the month as traders usually close their positions. So in this case, you should aim for weekly support level which will act as targets here.

Related Stocks in the Same Sector as SEQUENT

Symbol Name Industry
SUNPHARMA Sun Pharmaceutical Industries Limited Drug Manufacturers - Specialty & Generic
CIPLA Cipla Limited Drug Manufacturers - General
DRREDDY Dr. Reddy's Laboratories Limited Drug Manufacturers - Specialty & Generic
ZYDUSLIFE Zydus Lifesciences Limited Drug Manufacturers - Specialty & Generic
APOLLOHOSP Apollo Hospitals Enterprise Limited Medical Care Facilities

Summary

SEQUENT is expected to reach the target of 117.60 in tomorrow's trading session.

After achieving the initial target in SEQUENT, we will aim for higher targets of 119.00 tomorrow.

However, if SEQUENT starts to trade below ₹116.80, then we will shift our focus to the sell side and aim for down targets of 115.40 and 114.60.