Sfl... reversal pick with rise in volume Divergence at bottom with good trend change showing bullishness in counter
SFL trade ideas
sheela foam1) trendline breakout
2) recently Promoter increased buying
3) high volume
4) BB Widening & above 40 EMA Showing bullishness in stocks
Target: 1057. or Trail above 15 %
sl: previous candle low.
rsi is in over bought so a consolidation or support level pullback can expected.
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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@visionary.growth.insights
SFLHi guys,
In this chart i Found a Demand Zone in SFL CHART for Positional entry,
Observed these Levels based on price action and Demand & Supply.
*Don't Take any trades based on this Picture.
... because this chart is for educational purpose only not for Buy or Sell Recommendation..
Thank you
Sheela Foam Ltd (SFL) time to enter thisPost acquisition of Kurlon Enterprise Ltd and 35% stake in Furlenco Furniture (Kieraya Pvt Ltd, the revenue and profit has started reflecting in Balance Sheet. Going forward company is expected to do well both in revenues and profitability.
Technically,
Can be bought now and wait for Rs1067 for weekly closing to add further upon confirmation of uptrend and crossing the falling trendline.
Support is Rs960-920
SFL (SHEELA FOAM IS GOOD FOR SHORT TERM) WATCH ON RADARSFL had a very good pattern in daily time frame. As per my analysis a sharp rally can be noticed in coming days.
SHeela foam at the point of TL and important horizontal supportPositive divergens seens in daily tf
breakout in falling wedge in hourly time frame
horizontal and trendline support match
1:12 risk reward easiy possible if keep
Sheela Foam (SFL)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.
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!!
Strong Candle Breakout !!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 be posting more such ideas like this. Until that, like share and follow :)
Thanks,
Wayfarer.
keep learning and keep earning.
Disclaimer: Please note that we are not registered advisors and the views expressed here are solely personal opinions. We strongly recommend consulting with your financial advisors before making any investment decisions.
Sheela....Foam Target 2600 ---3 Years1) Sheela Foam is in consolidation state.
2) Buy in support Zone
3) First Target 2000, Second Target 2600
Reason....
SFL 20% upside by Dec23With 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. Signals of bottoming out RSI and lower volumes with bullish flag kind of pattern on weekly charts supports the probability of limited downside with significant upside. Accumulate - sir tight for next 6-9months for good returns.
SHEELA FOAM LTDShort 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
Sheela Foam Limited - Positional bullish tradeStock 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.
Sheela Foam BreakoutThe 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.
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
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
SHEELA FOAM LTDit is looking good higher timeframe of thie stock is bullish small stoploss and big reward
26%, R/R 6-- 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.
Rectangle pattern BOSFL 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
SFL.NSE Flag pattern after H&SLooking at the chart it seems lile 2800 is calling SFL really hard. Breakout is happening, in few weeks we will be at 2800.
Foam poamWeekly 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
