Crossing & Sustaining 5.20 will make it more BullishStrong Support is around 4.60 - 5
Closing above this level would be
a positive sign
Golden Pocket Support Expected
Entry can be taken with a Stoploss of
137 on Closing basis
However, Closing above 139.60 - 140 is
a Positive Sign
144 is a Very Strong Resistance
Risk Averse Players may wait to
Cross & Sustain 144; Next Important
Resistance is around 147
Bullish on Monthly TF
May Take Support around 216 - 217
However, Bearish Divergence on Weekly TF
weakens its Entry here
Those who Understand Technical Moves,
please note that, Initially 224 - 225 should
be Crossed & Sustained for Immediate Target
around 234 - 235
Stoploss should be 198 on Closing basis
The Stock is in Downtrend so far till it Crosses 22
However, Closing above 19 can be a
positive sign
19.40 - 19.50 is the Initial Resistance
Sustaining this level will lead it to
21 - 22.
Next Strong Resistance will be around 24 - 25
Bullish Divergence on Daily TFthough Not Yet Bullish but Bullish
Divergence on Daily TF
a perfect 23.60% Support around 12.50
Double Bottom formation is expected at
same level around 12.40 - 12.50
3007 Zahrat ALWAHA D1 - 23/4/2024 (TASI Market)3007 Zahrat ALWAHA D1 - 23/4/2024 (TASI Market).
Trend Analysis
Elliott Wave
Harmonic Patterns
Regards
Bullish Divergence on Weekly TF
If 36 - 36.50 is Sustained on Weekly Basis,
we may witness further Upside
Around 39.50 - 40 is the initial resistance
then Crossing & Sustaining 42 - 43, may lead
it towards 45 - 46 (Near Double Top)
There we would see if Bearish Divergences
will be formed, we will book our Profits
3090_Tabuk Cement_TadawulScript currently in non-trending zone and continuously bouncing back from the resistance levels.
we have plot important support and resistance levels for this script and provide TP and SL considering the support and resistance levels.
#DYOR_NFA (Do your own research as well) _Non-Financial Advice.
A technical look at the price of Saudi Arabian oil 2222The coming period may witness a decrease in demand for Saudi oil , which may lead to a decrease in its price.
It is expected to visit the area highlighted in white and visit the numbers shown.
TADAWUL:2222
Bullish Divergence on Daily TF
H&S Pattern observed
Crossing 13.50 will lead it towards 14.18 initially
then 15 - 15.45
Stoploss must be 12.90 (on closing basis) in this case
Bullish on Weekly as well as Monthly TF
Crossing 179 will lead it towards 200+ then 250
149 is a Very Strong Support that should be Sustained
on Monthly Basis
However, 155 then 140 - 141 may act as Weekly Supports
Tweezer Bottom on Daily TFMade Double Bottom on Daily Basis around 345
Tweezer Bottom on Daily TF
50% fib level tested on Weekly basis
352 - 353 is a Very Important Support level
that should be Sustained on Monthly Basis
Bullish on Weekly as well as Monthly TF
ABCD pattern will be in play once
113 is Crossed & Sustained
Cup & Handle Pattern will be in play
once 99 is Crossed & Sustained
However, Sustaining 93 on Weekly
basis would be a positive sign
2310 SIPCHEM W1 - 20/4/2024 (TASI Market)2310 SIPCHEM W1 - 20/4/2024 (TASI Market)
Down trend in wave a is completed and there are increasing if buy volume which will push the price for up trend in wave b.
Regards,
2222 | Bullish Divergence SetupSaudi Arabian Oil Company displays a promising bullish reversal pattern characterized by the formation of bullish divergence with RSI. Our plan entails accumulating the stock within the designated buy zone (29.50-30 range), while setting stop loss orders below the bottom of support around 28.50. To guide our trading decisions, we've delineated two distinct targets: an immediate target around 33 at the test of trend line and a final target for exiting the trade will be around 35 depending upon break out.
2120 SAUDI ADVANCED INDUSTRIES CO. to 70SR Supported by financial growth, the current target is 70SR
SAUDI ADVANCED INDUSTRIES CO. (2120) is growing its business and has invested in several startup companies that yielded great profits.
in 2023, made 148MM SAR net profits
in 2022, made 100MM SAR net profits
a growth by 48% in net profits.
In 2023, highest stock price was 50.1 SR
current price is 42.2SR
I can expect the price to recover back to 50.1SR
then jump 48% (50.1 x 1.48 = 74.5 SR)
SADAFCO 2270 Review: Proceed with Caution ⚠️Beware
INTERMIDIATE term HIGH being created TARGET SELL SIDE LIQUDITY
