From February 2023, SFL has started making its range between 990 to 1200's level. If we look at the pattern that it has created, it is more of a volatility contraction as it makes a higher low in the second contraction and it continues to go if you see it contracted to a smaller range from 1200 to 1061. Now the pattern looks promising as it is above the 1200 level...
#SFL Sheela foam Ltd acquired the Kurlon and now market leader in the category. Rechncally chart shows reversal frm the demand zone. Can be added for good upside from here.
CMP 1256 tgt 1600/1750/1950 SL 1150
Sheela Foam Long indications from the chart. Need to wait for it to break on the upside.
Can look it as good bounce from the Fibonacci levels. From the 78.6% levels with a good support base at 794-810.
Looking at the levels of 1300 in near term if it sustains with good volume. Also to watch out for break and then the retracement around it on the chart.