-- 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
This Sheela on breakout could be a blockbuster, keep an eye!
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
SHEELA FOAM - Price exhaustion at weekly timeframe There is a correction expected as it touched the upper median line parallel with an exhaustion in price action in weekly time frame
#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...