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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 2024-06-12 View latest technical analysis

10 day averaged volume of Sheela Foam is 177756

Date	Daily Closing Price	Open	High	Low	Volume
12 Wed Jun 2024	929.40	930.00	943.40	925.00	0.588 times
11 Tue Jun 2024	927.15	950.00	952.80	923.05	0.944 times
10 Mon Jun 2024	941.05	938.00	958.85	920.00	5.023 times
07 Fri Jun 2024	913.05	905.00	920.00	897.95	1.693 times
06 Thu Jun 2024	897.45	906.45	908.00	892.75	0.325 times
05 Wed Jun 2024	893.60	875.00	907.95	858.85	0.329 times
04 Tue Jun 2024	872.25	904.00	904.00	854.00	0.625 times
03 Mon Jun 2024	894.70	901.00	923.00	887.90	0.52 times
31 Fri May 2024	886.65	892.00	898.80	884.75	0.195 times
30 Thu May 2024	888.30	902.05	902.05	885.00	0.221 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 927.6, but if it comes below 927.6, then a intra day sell could be more profitable.
If you take a sell trade below 927.6, then use 927.6 as stoploss and 909.57 as target. However if you take a buy trade in stock , then use 927.6 as stoploss and 949.3 as target.

Share price targets for Sheela Foam (SFL)

Target Type	Value
Downside Target	854.00
Downside Target	884.75
Upside Target	937.80
Upside Target	958.85
Upside Target	996.80
Upside Target	1012.00
Upside Target	1022.00
Upside Target	1067.00
Upside Target	1177.85

Intraday share price targets for Sheela Foam (SFL)

Target Type	Value
Downside Intraday Target	913.32
Downside Intraday Target	897.23
Upside Intraday Target	952.17
Upside Intraday Target	974.93
Upside Intraday Target	936.08

Weekly technical analysis of Sheela Foam (SFL)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Wed Jun 2024	929.40	938.00	958.85	920.00	1.876 times
07 Fri Jun 2024	913.05	901.00	923.00	854.00	1.438 times
31 Fri May 2024	886.65	912.30	912.30	884.75	0.632 times
24 Fri May 2024	905.90	938.00	996.80	900.50	3.717 times
18 Sat May 2024	931.00	910.00	937.80	894.25	0.943 times

Price has moved up 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
12 Wed Jun 2024	929.40	901.00	958.85	854.00	1.119 times
31 Fri May 2024	886.65	906.05	996.80	884.75	0.598 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

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 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Sheela Foam ( (SFL) ) based on a mid to longer term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

ADX buy sell signal for Sheela Foam stock for short term is BUY. 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 HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

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

RSI is generating a BUY signal in short term but buying is losing 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 923.22 and Sheela Foam (SFL) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

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 is giving positive returns over a short term period. Returns for a longer term period have been positive

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