finogent

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

Long
NSE:SAFARI   SAFARI IND (INDIA) LTD
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.



#SafariIndustries #StockAnalysis #TechnicalAnalysis #NSE #Investing #TradingStrategy #BullishTrend #FibonacciLevels #StockMarket

Elite Wealth Strategists
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.