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...
it is looking good higher timeframe of thie stock is bullish small stoploss and big reward
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
Looking at the chart it seems lile 2800 is calling SFL really hard. Breakout is happening, in few weeks we will be at 2800.
Weekly candle has not closed yet, but I took position looking on ltf... I think it was a impulsive decision but lets see how it plays out Sl wcb
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!
Stock in consolidate and near to 50DMA. Can buy to go long, 2680 soon.
can it blast in coming weeks...lets see ... some major resistance to break first
#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...