The security has been in the bearish trend since Apr 2022. We expect the security to have reversal from the green box. This is not a buy sell recommendation. Pls ask you financial advisor for any investment or trade.
Price is moving inside an ascending broadening wedge pattern possible forming a large WXY corrective pattern. X wave has not completed yet. It can end somewhere between 800-900 levels. Fundamentals are improving, margin pressure is still there. Borrowings increased due to big CAPEX. It is the market leader and the largest manufacturer of Polyurethane Foam in...
SFL has crossed the resistance with a strong candle and this move is supported by volume as well. It might move to target 1 and then to target 2 in no time. Stochastic has changed its direction, and started moving up. It can also be an added confirmation of a positional buying setup/ investment. Simple charts, so that, everyone can understand. It's not a I'll...
1) Sheela Foam is in consolidation state. 2) Buy in support Zone 3) First Target 2000, Second Target 2600 Reason....
#SFL Good opportunity for swingtrading if price closed above 200 ema CMP:1168 @ 20 September 2023
With recent acquisition of kurlon, sfl has boosted it's product profile. Mkt share nearly 60% with strong European presence and demand, this mkt leader will yield higher profits on economies of scale with higher volumessnd lowering input cost of TDI. Make it a suggested buy n accumulate till 1045-65 if available in correction. Potential upside 1250-1350-1475....
Reason for long a) Flag and pole set up b) super vmap, super trend, QQE, Renko and Rainbow is positive. c) price and volume spurt d) monthly breakout SL compulsory
SFL Chart Analysis.......18/07/23 SFL Long : above 1275 lvl., Sl - 1200, Target - 1335 / 1470 Enjoy !
Reason for long a) HSP pull back at 3010, but one need to wait for white candle with false low. near 3010 b) breakout pull back and heavy bull volume plus price spurt, but kindly observe 3010 level for entry SL 2910 day closing.. SL compulsory Duration 10 days
CUP & HANDLE PATTERN in SHEELA FOAM Fundamentals in Support
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...
it is looking good higher timeframe of thie stock is bullish small stoploss and big reward
-- 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