The short-term outlook is bullish for Sheela Foam. The stock rose 3.9 per cent on Monday when the broader markets ended in red. Monday’s rise has taken the share price well above the key resistance level of ₹625. Moving average cross overs on the daily chart also strengthens the bullish case. It indicates that the downside could be limited. Support will now be in the ₹625-₹620 region. Sheela Foam share price can rise to ₹750 in the coming weeks. Traders can buy Sheela Foam shares now at ₹668. Accumulate on dips at ₹645. Keep the stop-loss at ₹610. Trail the stop-loss up to ₹675 when the price goes up to ₹690. Revise the stop-loss higher to ₹695 and ₹720 when the share price touches ₹710 and ₹730 respectively. Exit the long positions at ₹745.

Video Credit: Businessline

(Note: The recommendations are based on technical analysis. There is risk of loss in trading.)

Published on June 9, 2026