Twitter Facebook-f Linkedin-in Instagram

Buy Electrical Industries | Tadawul 1303 | Naranj Capital

SHORT TERM TRADING ADVICE IN SAUDI ARABIA

 BUY   Electrical Industries (TADAWUL: 1303)

Tadawul 1303 : Electrical Industries - STOCK RECOMMENDATION

Idea BUY
Buy Range 6.5 – 6.8
Target 7.4 – 7.5
StopLoss* below 5.9
Duration 12-14 Trading Days
Potential Returns 9% – 10%
Idea Buy Range Target StopLoss* Duration Potential Returns
BUY 6.5 – 6.8 7.4 – 7.5 below 5.9 12-14 Trading Days 9% – 10%

* Once the first target hit, reset the StopLoss at your buying price.

Our recommendations are authentic and transparent. Find this recommendation posted in Tradingview. Be assured such records are permanent and irreversible.

 Tradingview position update

Tadawul 1303 : Electrical Industries - STOCK OVERVIEW

Electrical Industries Co. deals in manufacturing,delivery and repair of Electrical Transformers , compact Substations , Lv Control Panels , Cable Trays, Mv & Lv Switch gears , other electrical products and Service related to these activities.The company was founded on August 7, 2007 and is headquartered in Dammam, Saudi Arabia.

Stock Data
TADAWUL Code 1303
Sectoral Index Capital Goods
52 Weeks High 7.2
52 Weeks Low 1.87

Tadawul 1303 : Electrical Industries - RELATIVE STRENGTH

Tadawul 1303-Electrical Industries-Relative Strength

Relative Performance - Last 1 Year

Electrical Industries —     TASI —

Tadawul 1303 : Electrical Industries - TECHNICAL ANALYSIS (DAILY)

Riyad Bank - Technical Analysis (Daily)
  • The daily chart indicates that the stock has been on a robust upward trajectory, consistently creating higher highs and higher lows.
  • As it progressed on this upward path, the price formed a Rounding Bottom pattern. After breaking out, the price initially surged but then retraced to test the breakout area.
  • Subsequently, the stock climbed to reach an all-time high at the 7.2 level.
  • Following a brief pullback, the price established a Double Bottom pattern at the trendline support, and with a fresh breakout, it is now moving towards even higher levels.

Tadawul 1303 : Electrical Industries - RSI

Tadawul 1303-Electrical Industries-RSI
Tadawul 1303 : Electrical Industries - RSI
  • Current RSI of this stock is 64.06, which indicates the strength of buyers.

Tadawul 1303 : Electrical Industries - MACD

Tadawul 1303 : Electrical Industries - MACD
  • MACD line has just crossed the signal line from the below and a positive histogram chart is forming. This can be considered as a bullish signal.

Tadawul 1303 : Electrical Industries - OBV

Tadawul 1303-Electrical Industries-OBV
Tadawul 1303 : Electrical Industries - OBV
  • The OBV line is moving in the same upward direction which means there is a positive sentiment in the market. Also the significant price up move accompanying with increasing OBV volume suggests strong buying pressure.

CONCLUSION - Tadawul 1303 : Electrical Industries STOCK PRICE FORECAST

Based on our stock trading advice in Saudi Arabia, Electrical Industries stock price target will be SAR 7.4 – SAR 7.5 in the next 12-14 trading sessions.

Tadawul 1010: Riyad Bank - TRADINGVIEW POSITION UPDATE

اشتر الصناعات الكهربائية by NaranjCapital on TradingView.com

MONEY MANAGEMENT AND TRADING RULES

1)  It’s advisable to enter/exit in the recommended range.
2)  Strictly follow the StopLoss as mentioned. Honour it.
3)  Use trailing StopLoss to retain profits.
4)  Diversify trading capital into our other trading recommendations.
5)  Risk only the money what you can afford to lose. Hedge accordingly.

Advisor / ANALYST SUMMARY

The stock trading advice is prepared by the Naranj Capital team under the guidance of Arijit Banerjee, CMT, CFTe. Arijit is a veteran trader and an active investor having in-depth knowledge of financial market research, advanced technical analysis, market cycle, algorithmic trading, and portfolio management. He is a Chartered Market Technician (CMT) accredited by CMT Association USA, the global authority of Technical Analysis and also has been honored as a Certified Financial Technician (CFTe) by the International Federation of Technical Analysts, USA.

Disclosure

The views expressed herein are based solely on information available publicly/internal data/other sources believed to be reliable, but is not necessarily all-inclusive and is not guaranteed as to accuracy. The recommendations provided herein is solely for informational purposes and are not intended to be and must not be taken alone as the basis for an investment/trading decision. Trading and investing are subject to market risk and the securities discussed and opinions expressed herein may not be suitable for all investors. To read the full disclosure, please click here.

Enjoy this recommendation?
Share with your friends

Your return could be more

PROFITABLE!

access our premium recommendations

🇸🇦  Prime Trading Advice

for Saudi Arabia Stock Market Tadawul

Leverage our knowledge to trade with confidence. Expert Advice for short to medium term trading with specific target and strict stoploss.

  • top 9-10 trading advice / month
  • trade holding period 1-2 weeks
  • average profit 5%-10% per trade
  • short term quick gain trading
  • high accuracy, massive profit
  • saudi tadawul indices forecast

Pricing

Pricing (in SAR)

  • 15 advice         SAR 1500               --             SAR 1500
  • 45 advice         SAR 4500        20% OFF       SAR 3600
  • 90 advice         SAR 9000        33% OFF       SAR 6000
  • 180 advice     SAR 18000       50% OFF       SAR 9000
  • 15 advice                            SAR 1500
            --        
  • 45 advice      SAR 4500     SAR 3600
     20% OFF 
  • 90 advice      SAR 9000     SAR 5850
     35% OFF 
  • 180 advice   SAR 18000   SAR 9000
     50% OFF 
Subscribe NOW

Email Newsletter

Get Free Saudi Stock Trading Advice

We respect your privacy.

× Chat With Us