π Safari Industries Technical Analysis
π Date: 31st January 2024
π΅ Closing Price: βΉ2031.90 (β 4.6%)
π― Technical Indicators:
π² Market Outlook:
Short-term bullish trend expected if market opens positively on 1st February 2024.
π― Targets & Entry Point:
π Stop Loss: For conservative traders: βΉ1881 or βΉ1886.25.
π 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
π Date: 31st January 2024
π΅ Closing Price: βΉ2031.90 (β 4.6%)
π― Technical Indicators:
- Fibonacci Level: Closed above critical level (0.5) at βΉ2025.75.
- 50-Day Moving Average: Surpassed 50-DMA at βΉ2030.33.
- 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.
π² Market Outlook:
Short-term bullish trend expected if market opens positively on 1st February 2024.
π― Targets & Entry Point:
- Entry Point: If market opens above βΉ2031.90.
- Target 1: βΉ2072.8 (Fibonacci 0.64 level).
- Target 2: βΉ2138.45 (Fibonacci 0.786 level).
π Stop Loss: For conservative traders: βΉ1881 or βΉ1886.25.
π 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