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
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