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SFL

Sheela Foam Ltd Trend Analysis (Multibagger Potential)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 India. Robust growth plans by acquisitions & capacity expansions. Good to accumulate around 800 - 900 levels for the following targets: Short term target @ 1930 (140% ROI) Long term target @ 3210 (300% ROI) Very long term target @ 6870 (750% ROI) Public shareholding is just 3.68% Do your own due diligence before taking any action. Peace!!
NSE:SFLLong
by Swastik24
Sheelafoam does a dive. SFLGoals 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 the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe
NSE:SFLShort
by Rykin_Capital
Sheelafoam? Down she floats with all. SFLImmediate 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 likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe
NSE:SFLShort
by Rykin_Capital
SFL - Price & Vol contraction observed#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 volume, which is a very good sign of a possible breakout. Hence long suggested at the high of the current contraction base which is 1715. Fundamental parameters D/E nil ROE 25% Sales and Profit growth has been reasonably in a general uptrend in the last 3-4 quarters. Promoter holding 85%. Low float stock with free float 1156 cr out of the total market cap of 8261 crores.
NSE:SFLLong
by scorpiomanoj