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Technicals for Safari Industries (India) Limited
By MusingTheNews
2025-05-30 20:54
Overall Technical outlook
Price Summary
Safari Industries (India) Limited's stock, on 2025-05-30 opened at 2296.9, climbed to a high of 2323.4, dropped to a low of 2291.1, and closed up 0.47% at 2307.7, with 73620 shares traded. For the 52-week period, the stock's highest price is 2723.75, and the lowest price is 1880.35. 9 analysts predict that the future price of SAFARI will be in the range of 2191.0 to 2900.0, with a mean expected price of about 2624.2222.
Technicals
Support and Resistance: The price of 2307.7 is supported at 2202.3 and capped by resistance at 2351.0. These levels mark key points for Safari Industries (India) Limited where the price could find stability, with 2202.3 as a floor and 2351.0 as a ceiling. Support/Resistance for SAFARI
Aroon: The AROON is currently in a neutral position, offering no clear indication of movement up or down. This suggests that the market may be experiencing a period of equilibrium, with no strong trend in play. Aroon chart for Safari Industries (India) Limited
Bol. Bands: The BOLL BANDS is showing a neutral stance, with no definitive indication of an upward or downward trend for SAFARI. This neutral position suggests a period of indecision in the market, making it difficult to predict the next move. Bolinger Bands chart for Safari Industries (India) Limited
Parabolic SAR: The PSAR remains bearish, establishing a resistance level that could cap any potential upward trends. This ongoing bearish outlook suggests that the market may continue to face resistance, making it difficult to achieve significant gains for SAFARI. Parabolic Stop and Reverse chart for Safari Industries (India) Limited
Stochastic: The stochastic indicator reflects the K-line falling below the D-line, while remaining above 80, signaling the potential start of a bearish price move. This suggests that the market may be losing steam, with a possible decline on the horizon. Traders should monitor this development for further signs of a downturn. Stochastic chart for Safari Industries (India) Limited
Tripple Moving Agerage: The Tripple MOVING AVG is currently neutral, showing no clear bias toward a rising or falling trend. This lack of directional clarity suggests that the market may be in a holding pattern, awaiting further developments. Tripple SMA chart for Safari Industries (India) Limited
A thorough analysis of a company involves looking at both its fundamentals and technical data. The fundamentals, including revenue, profitability, and management quality, offer insight into the company's long-term value. Additionally, understanding the broader industry context, such as market competition and regulatory challenges, helps to better interpret the company's stock performance. By combining both fundamental and technical analysis, you can derive more meaningful inferences about the company's future prospects.
DISCLAIMER: We provide information and our musings based on events, but nothing on this site can be considered professional advice of any kind.
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