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SWING IDEA - SHEELA FOAM

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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

DISCLAIMER -

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@visionary.growth.insights

액티브 트레이드

you can add up some quantity

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

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

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We are again above our buying price

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made a high of 10%++