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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 2024-05-02 View latest technical analysis

10 day averaged volume of Sheela Foam is 121264

Date	Daily Closing Price	Open	High	Low	Volume
02 Thu May 2024	911.20	906.05	914.90	905.95	0.419 times
30 Tue Apr 2024	904.40	919.00	919.00	900.50	1.539 times
29 Mon Apr 2024	914.40	907.00	938.30	907.00	1.948 times
26 Fri Apr 2024	905.10	925.85	931.20	902.45	1.417 times
25 Thu Apr 2024	925.85	937.00	937.00	924.00	0.47 times
24 Wed Apr 2024	934.85	922.00	939.00	920.20	0.655 times
23 Tue Apr 2024	918.05	919.00	927.00	912.00	0.902 times
22 Mon Apr 2024	912.50	937.90	945.95	908.00	1.294 times
19 Fri Apr 2024	934.10	918.95	945.95	911.10	0.62 times
18 Thu Apr 2024	923.05	937.90	940.40	920.00	0.677 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 914.4, but if it comes above 914.4, then a intra day buy could be more profitable.
If you take a sell trade below 914.4, then use 914.4 as stoploss and 885.9 as target. However if you take a buy trade in stock , then use 914.4 as stoploss and 938.09 as target.

Share price targets for Sheela Foam (SFL)

Target Type	Value
Downside Target	900.50
Upside Target	938.30
Upside Target	961.20
Upside Target	999.00
Upside Target	1012.00
Upside Target	1022.00
Upside Target	1067.00
Upside Target	1111.65
Upside Target	1177.85
Upside Target	1258.45

Intraday share price targets for Sheela Foam (SFL)

Target Type	Value
Downside Intraday Target	895.03
Downside Intraday Target	878.87
Upside Intraday Target	932.83
Upside Intraday Target	954.47
Upside Intraday Target	916.67

Weekly technical analysis of Sheela Foam (SFL)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Thu May 2024	911.20	907.00	938.30	900.50	0.824 times
26 Fri Apr 2024	905.10	937.90	945.95	902.45	1.937 times
19 Fri Apr 2024	934.10	940.00	961.20	911.10	0.606 times
12 Fri Apr 2024	946.65	999.00	999.00	945.00	0.553 times
05 Fri Apr 2024	975.20	946.00	1012.00	941.80	1.297 times

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

Monthly technical analysis of Sheela Foam (SFL)

Date	Monthly Closing Price	Open	High	Low	Volume
02 Thu May 2024	911.20	906.05	914.90	905.95	0.019 times
30 Tue Apr 2024	904.40	946.00	1012.00	900.50	1.659 times
28 Thu Mar 2024	943.70	1041.70	1067.00	918.05	1.631 times
29 Thu Feb 2024	1036.00	1174.90	1177.85	1022.00	0.722 times

Scroll below to view daily charts

Price has moved up 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 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 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Sheela Foam stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Sheela Foam in short term but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Sheela Foam Stock is trading near its recent LOWS in short term which reflects strong selling momentum. 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 moving up

CCI has generated a buy signal for Sheela Foam in short term but BUY signal is weak.

RSI is generating a SELL signal in short term and selling is picking up 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 915.18 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.