Investors with a short-term perspective can buy the stock of Sequent Scientific at current levels. The stock has been in a medium-term uptrend since taking support at ₹42 in early October 2018. Short-term trend is also up.

In early January, the stock decisively breached a key medium-term resistance level of ₹75 and continued to trend upwards. The stock trades well above its 50- and 200-day moving averages. On Monday, the stock advanced 4 per cent strengthening the bullish momentum with good volume.

There has been an increase in daily volume over the past two weeks. The daily as well as the weekly relative strength indices are hovering in the bullish zone backing the uptrend. Moreover, the daily and weekly price rate of change indicators features in the positive terrain implying buying interest.

The short-term outlook is bullish for the stock. It can extend the current uptrend and reach the price targets of ₹90.5 and ₹92 in the ensuing trading sessions. Traders can buy the stock with a stop-loss at ₹84.5.

(Note: The recommendations are based on technical analysis. There is a risk of loss in trading.)

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