Technical Analysis Safari Industries Ltd

The stock

is showing signs of a strong recovery after a prolonged correction. The stock has been forming higher highs and higher lows over the last few weeks indicating that buyers are gradually taking control. The recent bullish candle with good momentum suggests fresh buying interest near the breakout zone. The stock is currently trading around ₹1683 which is close to an important resistance area. A sustained move above ₹1700–1720 with strong volume can trigger the next leg of the uptrend and open the door for higher levels in the coming weeks. Support & Resistance the immediate support for Safari Industries is placed around ₹1620–1600 where the stock has seen repeated buying interest during recent pullbacks. A stronger support zone is near ₹1540–1500 which can act as a key positional level if broader market weakness appears. On the upside the stock faces immediate resistance around ₹1700–1720 a sustained breakout above this zone with strong volume can trigger fresh momentum. If that breakout is confirmed, the next resistance zone is expected around ₹1780–1850 which could become the next target area for short-term traders. The technical structure remains bullish with a positive bias. Existing investors can continue to hold while maintaining a stop-loss below the immediate support zone. Fresh buying is better considered after a strong breakout above ₹1700–1720 with higher-than-average volume. If the breakout sustains the stock could witness further upside momentum in the short to medium term.