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Sheelafoam

SWING IDEA - SHEELA FOAMSheela Foam , a key player in the Indian mattress and foam market, presents a potential swing trading setup. Reasons are listed below : 800-850 Support Zone : This strong support level is holding, indicating possible resistance to further downside. Bullish Hammer Candle on Weekly Timeframe : This pattern suggests a reversal of bearish momentum and renewed buying interest. Gradual Rise in Volumes : Increasing volumes support the potential for a sustained upward move, reflecting growing investor interest. Target - 1060 // 1290 Stoploss - weekly close below 780 DISCLAIMER - Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services. @visionary.growth.insights
NSE:SFLLong
by Visionary_Growth_Insights
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