SFL has crossed the resistance with a strong candle and this move is supported by volume as well. It might move to target 1 and then to target 2 in no time.
Stochastic has changed its direction, and started moving up. It can also be an added confirmation of a positional buying setup/ investment.
Simple charts, so that, everyone can understand. It's not a
I'll...
With recent acquisition of kurlon, sfl has boosted it's product profile.
Mkt share nearly 60% with strong European presence and demand, this mkt leader will yield higher profits on economies of scale with higher volumessnd lowering input cost of TDI. Make it a suggested buy n accumulate till 1045-65 if available in correction. Potential upside 1250-1350-1475....
Short term trade:
Close this resistance level with good volume. Whereas technical indicator are bullish. More upside expected by resistance is 3005.55 and 3069.20.
Support is on 2819.45 and 2575.75
Stock made a double bottom pattern and ready to give a breakout above 2900.
Buy above 2900 and accumulate on dips.
Stock has potential to touch 3300, 3500 and 3750.
Keep a stop loss below 2560 in this trade.
The stock has broken out and retested, therefore may undergo a reversal rally. Trade is supported by Supports Nearby.
Risk Reward Ratio - 2:1
SL is placed below the support zone & the lower trendline. The target is placed near resistance.
Goals 3275, 3085. Invalidation at 3935 .
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that...
Immediate targets 3123.10, 2897.70. Invalidation at 4544.70
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically...
-- price has sustained above 20 DMA during the market correction.
-- high Del%
-- At RS support. Continuation in stage 2 up-move should happen. Sideways move will nullify the RS support line.
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
SFL is showing good positive momentum on several time frames. Momentum will be continued after the high of today's candle (5th April 2021) is broken. You can buy once high is broken.
Advice: Check for volumes when high is broken, this will reduce your risk!
Trade fearless, but safe!
