Sequent Scientific Consolidating and forming Triangle pattern.
Sequent scientific after a good rally. Consolidated and formed a triangle pattern that is getting ready to breakout.
Markets are volatile and any side breakouts are possible but still, chances are sequent scientific will be bullish.
Once a given both Intraday and Positional player can take an entry
For bullish breakout
Target 1: 284 with SL placed 1 point below the trendline (Can be Achieved in Intraday)
Target 2: 304 (positional Target) if taken position before trail SL accordingly otherwise it depends where you are taking entry.
For bearish Breakout
There is only one Target not much is looking for.
Target 1: 253 with SL placed 1 above triangle trendline.
Markets are volatile and any side breakouts are possible but still, chances are sequent scientific will be bullish.
Once a given both Intraday and Positional player can take an entry
For bullish breakout
Target 1: 284 with SL placed 1 point below the trendline (Can be Achieved in Intraday)
Target 2: 304 (positional Target) if taken position before trail SL accordingly otherwise it depends where you are taking entry.
For bearish Breakout
There is only one Target not much is looking for.
Target 1: 253 with SL placed 1 above triangle trendline.
Trade closed: target reached:
Achieved both the target on June 29th 2021.