Short term trade:
Close this resistance level with good volume. Whereas technical indicator are bullish. More upside expected by resistance is 3005.55 and 3069.20.
Support is on 2819.45 and 2575.75
Stock made a double bottom pattern and ready to give a breakout above 2900.
Buy above 2900 and accumulate on dips.
Stock has potential to touch 3300, 3500 and 3750.
Keep a stop loss below 2560 in this trade.
The stock has broken out and retested, therefore may undergo a reversal rally. Trade is supported by Supports Nearby.
Risk Reward Ratio - 2:1
SL is placed below the support zone & the lower trendline. The target is placed near resistance.
Goals 3275, 3085. Invalidation at 3935 .
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that...
Immediate targets 3123.10, 2897.70. Invalidation at 4544.70
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically...
-- price has sustained above 20 DMA during the market correction.
-- high Del%
-- At RS support. Continuation in stage 2 up-move should happen. Sideways move will nullify the RS support line.
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
SFL is showing good positive momentum on several time frames. Momentum will be continued after the high of today's candle (5th April 2021) is broken. You can buy once high is broken.
Advice: Check for volumes when high is broken, this will reduce your risk!
Trade fearless, but safe!
#SFL
CMP 1686
Long suggested above 1715
Stop 1590
Target Open
Logic
Weekly chart
Stock witnessed a 31% correction from 52 wk high with relatively low volumes after which stock has recovered with huge volumes.
Stock also has broken out of a rectangular pattern with huge volumes post which has been consolidating with very tight contraction in price as well as...
Sheela Foam Ltd. engages in the manufacture and sale of polystyrene foam products. The firm's products include mattresses, furniture-cushioning material, pillows, cushions, sofa-cum-beds and comfort accessory products under the Sleepwell brand. It also offers technical products and Joyce foam. The company was founded by Sheela Gautama on June 18, 1971 and is headquartered in Noida, India.
NSE
