SAFARI- Box or Consolidation BO with very good volume

By VCharts_TA
SAFARI- Box or Consolidation BO with very good volume

Name - SAFARI
Pattern - Box or Consolidation
Timeframe - Wkly
Status - Breakout with very good volume
Cmp - 2476
Target - 2945
SL - 2314

Pattern :
A box pattern in technical analysis is a chart pattern that indicates a period of consolidation where the price moves within a defined range, forming a rectangular shape.

Fundamentals:
Here are some key financial ratios for Safari Industries Limited:

Price-to-Earnings (PE) Ratio: 96.61
Price-to-Book (P/B) Ratio: 13.92
Debt-to-Equity Ratio: 0.093
Return on Equity (ROE): 25.8%2
Net Profit Margin: 9.87%1
Revenue Growth (5-Year CAGR): 44.7%2
These ratios indicate Safari Industries’ valuation, profitability, and financial health. The company has a relatively high PE ratio, suggesting it is valued at a premium compared to its earnings. The low debt-to-equity ratio indicates a conservative approach to leverage, and the strong ROE reflects efficient use of equity.
Parallel ChannelSAFARI

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