SAFARI trade ideas
tourism stockKey Observations:
1. **Uptrend Confirmation**:
The chart is showing an overall uptrend from around May 2024, as indicated by the purple trendline connecting the higher lows.
The green candlestick from the previous week (second to last candle) broke above a significant resistance level around ₹2,320.90, confirming the continuation of the uptrend.
2. **Last Three Candles**:
**First Candle (3rd last)**: This is a small green candle with a long upper wick, indicating that there was significant selling pressure near the top. Buyers pushed the price up, but sellers managed to push it back down, reducing the gains.
**Second Candle (2nd last)**: This is a strong green candle with a significant increase in volume. The price broke above the previous resistance level of ₹2,320.90, showing strong bullish momentum. The long body of the candle and the closing near the high indicate strong buying interest.
**Third Candle (Last candle)**: The most recent candle also shows strong buying interest with a significant gain (+4.26%). This candle opens near the previous candle's close and moves higher, forming a continuation pattern. This suggests that the bullish sentiment remains strong, with no immediate reversal signals.
3. **Volume Analysis**:
The volume is significantly higher in the weeks corresponding to the last two green candles, particularly the large green candle (2nd last), which is a bullish sign. Higher volume on upward movement indicates strong buying interest.
### Conclusion:
The last three candles together form a strong bullish continuation pattern. The breakout above the previous resistance level of ₹2,320.90, supported by increasing volume, suggests the stock is likely to continue its upward trend in the short to medium term.
The price action shows increasing confidence among buyers, and unless there is a reversal signal, the trend could continue towards the next resistance level, potentially around ₹2,500 or higher.
If you're considering an investment or trade, monitoring the next few candles and ensuring that the support level around ₹2,320.90 holds could be crucial.
no recommendation to buy or sell
SAFARI IND SEEN A STRONG BREAKOUT...SAFARI IND Stocks give a strong breakout. You should watch for a upside swing. Next resistence is at 2800-3000...
SWING IDEA - SAFARI IND (INDIA)Consider a compelling swing trade opportunity in Safari Industries , a renowned luggage and travel accessories manufacturer in India.
Reasons are listed below :
Flag and Pole Pattern : Safari Industries displays a flag and pole pattern, indicating a potential continuation of the prior uptrend.
Bullish Marubozu Candle in Weekly Timeframe : The presence of a bullish Marubozu candlestick pattern on the weekly timeframe suggests strong buying momentum and potential upward movement.
50 EMA Support : The stock finds support at the 50 Exponential Moving Average (EMA), reinforcing the bullish bias and indicating potential for upward momentum.
0.382 Fibonacci Support : Safari Industries receives support at the 0.382 Fibonacci level, providing a solid foundation for potential upward movement.
Support at 1700 Level : The stock finds support at the 1700 level, indicating a strong buying interest and potential for a bullish reversal.
Higher Highs : Safari Industries consistently forms higher highs, reflecting a trend of increasing bullish momentum and reinforcing the potential for further gains.
Target - 2320 // 2730
Stoploss - weekly close below 1700
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@visionary.growth.insights
Safari stock poised for a journey upward 🌟 Long setup Safari Industries (India) Ltd., a leading luggage and travel accessories brand, presents a compelling long setup opportunity for investors. With a strategic stoploss set at 1890 to manage downside risk, targeting an optimistic 2500 offers potential for profitable gains. Monitoring market trends and Safari's performance is key for successful trade execution.
Safari IndiaKeep an eye on it.It can give
a up move soon after breakout. ( not a buy or sell recommendation ).
RSI Is saying to Book Position!
This week's Candlesticks and its Close will give more Clear picture but Price Action is not matching up with RSI Which is Called Divergence.
All the best.
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Safari industries Looks good for the breakout on weekly tf
Keep sl of 10% hoppin at current levels for 1:1
25% 2nd tgt
Ask your financial advisor before buying
Only for educational purposes
SAFARI - Bullish Reversal BreakoutNSE: SAFARI is closing with a bullish candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been consolidating for the past few days which is indicating demand.
One can look for a 8% to 11% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
Disclaimer:
This is for educational purposes only.
DAILY SWING CALL // Tuesday 09th of November 2021 // NSE: SAFARIDAILY SWING CALL //Tuesday 09th of November 2021 // NSE: NSE:SAFARI
// This is a swing trade call and not an intra-day trade. Please do not expect the stock to go up on the same day of posting or within a few sessions. Please follow the notes along with the posting before, during and after entering the trade //
CMP / LTP: 901-908
TARGET: 1044+ (15% Around)
STOP LOSS: 817 (10% Max)
Standard Notes:
- Please follow the Stop Loss strictly and preferably on a daily closing basis.
- Recommended Profit Booking / Exit is on +12-15% & If you still want to hold the stock, trail the SL once this target is achieved.
- Duration: 15-20 Trading Days is suggested for all my trades and is an indicative period.
- If SL / Target are not triggered and you still wish to hold the trade, this can be done as long as SL is followed or trailed.
Disclosure: I may or may not have a position in this trade.
Disclaimer: All the recommendations are subject to market conditions. Please trade at your own risks.
weekly and daily triangle breakout with volume rising price is making all time high
volume rising
notice three last candle of bears (volume contraction )
bulls volumes are better then bears in triangle impulse move(accumulation)
wide spread break of level
seems bullish to me.
