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Technicals for Safari Industries (India) Limited
By MusingTheNews
2025-06-12 20:53
Overall Technical outlook
Price Summary
Safari Industries (India) Limited's stock started trading at 2200.0 on 2025-06-11, climbed to 2212.6, fell to 2160.5, and closed -1.02% lower at 2177.6, with 12930 shares traded. In the last 52 weeks, the stock's top price was 2723.75 and the bottom price was 1880.35. The future price of SAFARI is anticipated to range from 2191.0 to 2900.0, with an expected mean price of 2624.2222, according to the recommendations of 9 analysts.
Technicals
Support and Resistance: At 2177.6, the price for SAFARI is supported at 2114.6 and resisted at 2202.3. This indicates a trading range where 2114.6 serves as a support level, potentially preventing further decline, while 2202.3 could limit upward movement. Support/Resistance for SAFARI
Aroon: Aroon's bearish trend continues, with Aroon Down maintaining its position at the 100 level. This sustained bearish momentum suggests potential ongoing declines. However, to fully understand the trend's implications, it's important to analyze it alongside other indicators to gain a comprehensive view of the market. Aroon chart for Safari Industries (India) Limited
Bol. Bands: The price has fallen below the lower Bollinger Band, suggesting that the market might be experiencing oversold conditions. This move reflects increased selling pressure, driving prices to a significant low. The breach could either indicate a continuation of the downtrend or a possible reversal if traders start to see this as a buying opportunity at these depressed levels. Bolinger Bands chart for Safari Industries (India) Limited
Parabolic SAR: The PSAR remains bearish for Safari Industries (India) Limited, establishing a crucial resistance level that could hinder any bullish attempts. This ongoing bearish outlook suggests that the market may continue to face resistance, making it difficult for prices to rise. Parabolic Stop and Reverse chart for Safari Industries (India) Limited
Stochastic: The Stochastic K-line's descent below the D-line and under 20 suggests a mildly bearish outlook for SAFARI. This indicates that the market may face some pressure to the downside, though the bearish tone is moderate. Investors should consider this as a potential early warning sign. Stochastic chart for Safari Industries (India) Limited
Tripple Moving Agerage: The Tripple MOVING AVG is currently in a neutral position for Safari Industries (India) Limited, offering no clear guidance on whether the market is likely to move up or down. This neutral stance suggests that further observation may be necessary before a trend becomes apparent. Tripple SMA chart for Safari Industries (India) Limited
To accurately interpret a company's technical data, it is important to first examine its fundamentals. These include financial performance, management quality, and growth prospects. In addition, understanding the dynamics of the industry in which the company operates—such as competition, market trends, and regulatory factors—provides further insights. This combined analysis helps create a fuller picture, allowing for more precise conclusions to be drawn from the company's technical performance and stock behavior.
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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