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Stock analysis Sheela Foam Limited SFL

More indepth analysis on MunafaSutra.com

Moving Averages for Sheela Foam Limited

  • 5Day Average: 1130.46
  • 12Day Average: 1131.92
  • 20Day Average: 1133.66
  • 50Day Average: 1140.83
  • 100Day Average: 1130.21
  • 150Day Average: 1112.5
  • 200Day Average: 1176.69

SFL Indicators & signals

Indicator MACD (12,26,9)

1129.66, 1132.39, -1.92
Indicator MACD is in negative zone

Indicator ADX (14)

1.17, 18.35, 17.93
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 44
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of SFL Sheela Foam Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
04 Wed Oct 2023 1108.20 1103.00 to 1140.05 -1.77% 0.5 times
03 Tue Oct 2023 1128.20 1121.65 to 1149.45 -1.18% 0.36 times
29 Fri Sep 2023 1141.65 1130.60 to 1150.95 0.05% 3.28 times
28 Thu Sep 2023 1141.05 1108.10 to 1150.00 0.69% 0.93 times
27 Wed Sep 2023 1133.20 1116.65 to 1147.60 -0.25% 0.24 times
26 Tue Sep 2023 1136.00 1120.20 to 1164.00 0.55% 0.7 times
25 Mon Sep 2023 1129.80 1097.30 to 1139.00 2.14% 0.41 times
22 Fri Sep 2023 1106.15 1103.25 to 1144.45 -1.95% 0.36 times
21 Thu Sep 2023 1128.10 1120.00 to 1212.90 -3.47% 1.63 times
20 Wed Sep 2023 1168.65 1136.05 to 1179.95 1.7% 1.43 times
18 Mon Sep 2023 1149.10 1113.10 to 1153.95 3.25% 0.66 times
15 Fri Sep 2023 1112.90 1110.00 to 1139.45 -1.03% 0.17 times

Technical analysis forecast for Sheela Foam Limited Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Sheela Foam Limited SFL at this time. Stock is falling and might fall more.

It appears as if Sheela Foam Limited SFL gave a large move recently.

Stock of Sheela Foam Limited (SFL) is trading below an important moving average line, but it crossed this line recently, which means that it could show a small or a large recovery soon enough depending on its trend.

My analysis of Sheela Foam Limited is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Sheela Foam Limited stays below 1114, but if it comes above 1114, then a intra day buy could be more profitable.
If you take a sell trade below 1114, then use 1114 as stoploss and 1093.4 as target. However if you take a buy trade in Sheela Foam Limited, then use 1114 as stoploss and 1131.15 as target.

More indepth analysis on MunafaSutra.com