Safari Industries Inverse H&S Pattern in Daily Chart Good ROI with small SL
SAFARI INDUSTRIES (1W TF) - Swing Trade Analysis given on 7th April, 2024 Pattern: FALLING WEDGE BREAKOUT - Trendline Resistance Breakout - Done ✓ - Volume buildup at Resistance - Done ✓ - Demand Zone Retest & Consolidation - In Progress
-expecting strong momentum above 2110 as it already broken trendline -rsi also about give breakout -volume also rising slowly -adx showing momentum -keep in watchlist
SAFARI Is about to give a Breakout. keep up an eye on this stock in coming days we might get a very good swing trade. I don't provide any tip or call always plan your trade according you. I dally make video on swing trade idea. Thank you.
Stock has a good flag pole pattern, breakout from the current levels can lead to fresh rally. The stock also has a strong 1 year forecasts from analysts making it a good option for long term. Let me know your thoughts in comment section
Retesting trending and rejected more possibility is to go downwards in short period.
Resistance turning into support at 1925-1950 range Long term- Bullish trend , trending in channel
SAFARI is showing a Hidden Bullish Divergence on weekly time frame. After 2/1 Split, the stock is showing another rally stance. NOTE: I'm not a SEBI REG. Study before investing.
STRENGTHS AND OPPORTUNITIES 1. Strong Momentum: Price above short, medium and long term moving averages 2. Strong Annual EPS Growth 3. Good quarterly growth in the recent results 4. Effectively using its capital to generate profit - RoCE improving in last 2 years 5. Effectively using Shareholders fund - Return on equity (ROE) improving since last 2 year 6....
📊 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...
📌2nd Entry Loading.. ✅Keep an Eye SAFARI + Squeeze near Resistance + Trading Around ATH + Strong Relative strength + Trading above Key EMAs
Entry 4377-4430 SL 4106 Only for journaling not for the trading. This post is for my personal use. Note : only for learning, not a trading recommendation. i am posting as a trading journal before and after breakout.
📢Keep on Radar SAFARI + Setting up nicely with Volatility & Volume contraction + Trading above Key EMAs
Entry: above 3090 Target: 3670 SL: 2930 Pattern: FLAG & POLE EMA's : EMA 10 > EMA 21 > EMA 50 > EMA 150 > EMA 200. Flag: Price breaking out from 5 week long Flag pattern. Pole: Price Up by 25% before forming Flag pattern.
1. Pin bar occured at S/R zone. 2. MACD Divergence occured. 3. Note that pinbar occured at Big Round number.
Safari industries has given head and shoulder breakout and it can give 10-15% from here in short term.
Inverted Head & shoulder breakout in Safari Industries Ltd..........
Stock has closed at the resistence and is yet to give a breakout. A breakout from consolidation will trigger good momentum in the stock for the coming days.