SAFARI- Box or Consolidation BO with very good volumeSAFARI- 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.
SAFARI
🚀 Don't Miss Out: Safari Industries Hits Bullish Breakout! 📈 #📊 Safari Industries Technical Analysis
📅 Date: 31st January 2024
🔵 Closing Price: ₹2031.90 (↑ 4.6%)
🎯 Technical Indicators:
Fibonacci Level: Closed above critical level (0.5) at ₹2025.75.
50-Day Moving Average: Surpassed 50-DMA at ₹2030.33.
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 ₹2031.90.
Target 1: ₹2072.8 (Fibonacci 0.64 level).
Target 2: ₹2138.45 (Fibonacci 0.786 level).
🛑 Stop Loss: For conservative traders: ₹1881 or ₹1886.25.
🔔 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
SAFARI - Ichimoku Bullish Breakout Stock Name - Safari Industries (India) Ltd
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 1382
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
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SafariTried breaking out its trandline around 697( feb20 ), failed and fell made low around 290, recovered in next 1 year, and since aug21 till this week for almost 1 year consolidated in a tight range and tried breaking channel n trandline but got rejected from trendline(nov21, feb22). Now finally seems breakout of that 1year consolidation channel, immediate target would be trendline or 1150 whichever comes first, if sustain can get 1370, and after monthly closing above trendline 3rd target would be 2300, rsi >60 up on d/w/m chart. Promoters, DII increased their stake in recent quarter.
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Triangle breakoutChart -> Safari India Daily
The stock has recently broken the Symmetrical Triangle resistance line. Resistance is around 1013, above that, it can move swiftly.
CMP: 1000
Buy till: 950
SL: 933 on a daily close
Targets: 1050, 1100, 1150
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.