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(SFL) Sheela Foam complete technical analysis [charts+indicators] | Buy/Sell Sheela Foam | (SFL) share price targets

Complete technical analysis of Sheela Foam (SFL) by charts plus indicators, forecast predictions and share price targets for Sheela Foam (SFL)

Showing technical analysis as on 2024-02-02 View latest technical analysis

10 day averaged volume of Sheela Foam is 55265

Date	Daily Closing Price	Open	High	Low	Volume
02 Fri Feb 2024	1130.45	1140.75	1148.00	1128.00	0.492 times
01 Thu Feb 2024	1136.60	1174.90	1177.85	1131.95	1.277 times
31 Wed Jan 2024	1174.05	1120.00	1179.25	1119.45	1.784 times
30 Tue Jan 2024	1121.90	1151.95	1151.95	1115.75	0.757 times
29 Mon Jan 2024	1148.10	1137.90	1162.00	1123.35	1.212 times
25 Thu Jan 2024	1137.80	1140.00	1145.90	1128.00	0.305 times
24 Wed Jan 2024	1136.25	1115.00	1140.00	1111.65	0.495 times
23 Tue Jan 2024	1119.15	1157.05	1178.00	1112.65	0.653 times
22 Mon Jan 2024	1165.20	1178.00	1182.20	1142.60	1.077 times
19 Fri Jan 2024	1168.50	1165.00	1175.00	1149.25	1.057 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 1137, but if it comes above 1137, then a intra day buy could be more profitable.
If you take a sell trade below 1137, then use 1137 as stoploss and 1092.3 as target. However if you take a buy trade in stock , then use 1137 as stoploss and 1174.32 as target.

Share price targets for Sheela Foam (SFL)

Target Type	Value
Downside Target	1000.05
Downside Target	1058.00
Downside Target	1111.65
Upside Target	1176.00
Upside Target	1189.60
Upside Target	1192.45
Upside Target	1209.00
Upside Target	1237.00
Upside Target	1254.40
Upside Target	1258.45
Upside Target	1297.00

Intraday share price targets for Sheela Foam (SFL)

Target Type	Value
Downside Intraday Target	1104.38
Downside Intraday Target	1078.32
Upside Intraday Target	1167.88
Upside Intraday Target	1205.32
Upside Intraday Target	1141.82

Weekly technical analysis of Sheela Foam (SFL)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Fri Feb 2024	1130.45	1137.90	1179.25	1115.75	2.183 times
25 Thu Jan 2024	1137.80	1178.00	1182.20	1111.65	0.388 times
19 Fri Jan 2024	1168.50	1229.00	1237.00	1149.00	0.812 times
12 Fri Jan 2024	1223.00	1222.85	1254.40	1189.60	2.092 times
05 Fri Jan 2024	1222.85	1249.40	1258.45	1209.00	1.081 times

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Sheela Foam (SFL)

Date	Monthly Closing Price	Open	High	Low	Volume
02 Fri Feb 2024	1130.45	1174.90	1177.85	1128.00	0.072 times
31 Wed Jan 2024	1174.05	1249.40	1258.45	1111.65	0.567 times
29 Fri Dec 2023	1240.40	1148.35	1297.00	1139.95	1.763 times
30 Thu Nov 2023	1148.75	1081.25	1192.45	1058.00	0.827 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Sheela Foam (SFL)

Price action analysis of Sheela Foam ( (SFL) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Sheela Foam ( (SFL) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Sheela Foam ( (SFL) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Sheela Foam stock for short term is BUY. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Sheela Foam in short term and the sell signal is strong.

Sheela Foam Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Sheela Foam in short term and SELL signal is strong!

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Sheela Foam is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 1149.77 and Sheela Foam (SFL) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Sheela Foam (SFL) stock. Volume based technical analysis of Sheela Foam (SFL) stock is negative.

Sheela Foam Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.