SWING IDEA - SHEELA FOAM

2024年11月2日

Sheela Foam, a key player in the Indian mattress and foam market, presents a potential swing trading setup.

Reasons are listed below :

• 800-850 Support Zone: This strong support level is holding, indicating possible resistance to further downside.
  
• Bullish Hammer Candle on Weekly Timeframe: This pattern suggests a reversal of bearish momentum and renewed buying interest.
  
• Gradual Rise in Volumes: Increasing volumes support the potential for a sustained upward move, reflecting growing investor interest.
  

Target - 1060 // 1290
Stoploss - weekly close below 780


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@visionary.growth.insights

2024年11月8日

交易進行

you can add up some quantity

2024年11月29日

註釋

we can see a evening star being formed at crucial support zone

2024年12月4日

註釋

Price bounced back from support zone without closing below our Stoploss, HOLD!

2024年12月6日

註釋

We are again above our buying price

2024年12月11日

註釋

made a high of 10%++

1月2日

註釋

close to 1st target