Safari Industries is in the verge of a breakout from a Pennant pattern. Keep the stock in watchlist to take a long position when price breaks out with a good volume. On the weekly chart you will find a cup and handle pattern being formed supporting a bullish move.
The stock looks good positionally above 700 (on closing basis) for 7-8% upmove
buy If possible @ 650-600 range or wait for BO 🤝🤝 trgt 800-900🖍🖍(note that the trgt is not based on support resistance) sl will update if it fall ⏳study then invest key factors for this buy ✔ technically looks good ✔ super q3 result & ✔ gradually increasing yoy profit ❤❤ 📊so expecting any time BO. check day frame chart also 🧩but dont know why...
Safari industries looks good on the chart. Can breakout of the trend.