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SWING IDEA - SAFARI IND (INDIA)

アップデート済

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

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Made a high of 6.5%

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weekly close above 2120 will possibly trigger fast upmove

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highest weekly close after December'23

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new weekly high close

トレード終了: 利益確定目標に到達

1st target achieved : 15%++

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trying to break previous swing high, hold!