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SHEELA FOAM LTD
Long

Rectangle pattern BO

By Panchalk
Updated
SFL had been trading for a long time in this box/rectangle pattern and today it broke pout of it with decent volumes...looks good to reach 2665 ( upper circuit). This is an idea, not a recommendation to trade
Comment
Target 1 - 2374
CMP 2430
Next target 2482 and then 2665...
Comment
The target marked is 2578...please pardon me it is 2482..
Comment
SFL is now at 2735...so it has achieved all targets..this stock had been moving quite slowly...and it took a few months before reaching that target...but there is still some steam in the stock..let us see...from 2180 to 2735 is a good move...22%...swing trading is about patience and perseverance..in between there will be highs and lows..endure them
Chart Patterns

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