Sequent Scientific Limited (SEQUENT) Stock - Complete Technical Analysis - Dec 20, 2024

Sequent Scientific Stock Analysis: Bearish Trends, Key Support Levels & Trading Strategy NSE Stoc

Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Investing in stocks involves risks, and it's essential to conduct thorough research or consult with a financial advisor before making investment decisions. Sequent Scientific Limited (SEQUENT) is showing signs of bearishness in the short term, trading at 182, 17.45% below its 52-week high of 240.70. The stock has recently pulled back from its peak, hovering near 198.70. The 52-week low of 90.70 shows a substantial recovery of 119.07%, but in the short term, the technical indicators are indicating selling pressure. The Average Directional Index (ADX) is low, suggesting weak trends, and the Relative Strength Index (RSI) is near the oversold zone, signaling potential for a reversal.

Moving averages are showing mixed signals, with the stock trading below its short-term EMAs, which suggests resistance at higher levels. The Awesome Oscillator and Commodity Channel Index confirm bearish momentum, indicating selling pressure in the market. However, the stock is approaching key support levels, particularly near 188.50 and 180. A break of these levels could lead to further downside towards the 157-160 range, which aligns with historical support levels.

On the other hand, the ATR indicates heightened volatility, meaning traders should be prepared for potential price swings. The stock's recent gap between its 50-day and 200-day moving averages suggests that Sequent might experience some time in consolidation before any major movement. For traders looking to take advantage of potential opportunities, the stock may offer a buying chance around support levels, but caution is advised, as there is room for further downside if these supports are broken. Overall, Sequent Scientific shows both risks and potential for a reversal in the coming days.