🚀 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.


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