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