πŸš€ Don't Miss Out: Safari Industries Hits Bullish Breakout! πŸ“ˆ #

πŸ“Š Safari Industries Technical Analysis

πŸ“… Date: 31st January 2024

πŸ”΅ Closing Price: β‚Ή2031.90 (↑ 4.6%)

🎯 Technical Indicators:

  • Fibonacci Level: Closed above critical level (0.5) at β‚Ή2025.75.
  • 50-Day Moving Average: Surpassed 50-DMA at β‚Ή2030.33.
  • EMA & MA Crossover: Bullish signal with the red line crossing above the yellow line.
  • Parabolic SAR: Two days of positive signals indicating a bullish direction.
  • MACD: Positive crossover noted on 18th January 2024.
  • RSI & %R: Positive crossover on 29th January 2024; trading high.
  • Fisher Transform: At the upper band, indicating bullish sentiment.

🎲 Market Outlook:

Short-term bullish trend expected if market opens positively on 1st February 2024.

🎯 Targets & Entry Point:

  • Entry Point: If market opens above β‚Ή2031.90.
  • Target 1: β‚Ή2072.8 (Fibonacci 0.64 level).
  • Target 2: β‚Ή2138.45 (Fibonacci 0.786 level).

πŸ›‘ Stop Loss: For conservative traders: β‚Ή1881 or β‚Ή1886.25.

πŸ”” Disclaimers & Disclosures:

This analysis is based on historical data and does not guarantee future performance.
Investors should conduct their own research or consult a financial advisor before making investment decisions. This content is for informational purposes only and should not be construed as financial advice.

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Elite Wealth Strategists

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