Panchalk

Rectangle pattern BO

Long
Panchalk Updated   
NSE:SFL   SHEELA FOAM LTD
SFL had been trading for a long time in this box/ rectangle pattern and today it broke pout of it with decent volumes...looks good to reach 2665 ( upper circuit). This is an idea, not a recommendation to trade
Comment: Target 1 - 2374
CMP 2430
Next target 2482 and then 2665...
Comment: The target marked is 2578...please pardon me it is 2482..
Comment: SFL is now at 2735...so it has achieved all targets..this stock had been moving quite slowly...and it took a few months before reaching that target...but there is still some steam in the stock..let us see...from 2180 to 2735 is a good move...22%...swing trading is about patience and perseverance..in between there will be highs and lows..endure them
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