Buy Electrical Industries | Tadawul 1303 | Naranj Capital

 BUY   Electrical Industries (TADAWUL: 1303)

Tadawul 1303: Electrical Industries - STOCK RECOMMENDATION

Idea BUY
Buy Range 3.25 – 3.35
Target 3.6 – 3.7
StopLoss* below 3.15
Duration 14-15 Trading Days
Potential Returns 12 – 14%
Idea Buy Range Target StopLoss* Duration Potential Returns
BUY 3.25 – 3.35 3.6 – 3.7 below 3.15 14-15 Trading Days 12 – 14%

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

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

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 3.59
52 Weeks Low 1.01

Tadawul 1303: Electrical Industries - RELATIVE STRENGTH

Relative Performance - Last 1 Year

Electrical Industries —     TASI —

Tadawul 1303: Electrical Industries - TECHNICAL ANALYSIS (DAILY)

Tadawul 1303-Electrical Industries-Daily technical Analysis
Tadawul 1303: Electrical Industries - Technical Analysis (Daily)
  • The price is in a strong uptrend and forming ‘Higher Highs and Lows’.
  • Currently the price is standing in at the trendline support and formed a firm Bullish Hammer candle that signals bulls are very much active and dominating bear gang.
  • The volume chart is also looks impressive. We can expect a strong up move from the current level.

Tadawul 1303: Electrical Industries - RSI

Tadawul 1303-Electrical Industries-RSI
Tadawul 1303: Electrical Industries - RSI
  • RSI has just crossed the 60 level and currently standing at 60.21, indicates the strength of the trend.

Tadawul 1303: Electrical Industries - adx and di

Tadawul 1303: Electrical Industries - ADX and DI
  • ADX is crossing 50 and +DI has crossed -DI from the below indicates buying momentum and probable further rise

Tadawul 1303: Electrical Industries - OBV

Tadawul 1303-Electrical Industries-OBV
Tadawul 1303: Electrical Industries - OBV
  • As we see the OBV is rising it suggests that the volume is heavier on days with an upward price movement. This is seen as a bullish sign, indicating positive buying pressure.

CONCLUSION - Tadawul 1303:Electrical Industries STOCK PRICE FORECAST

Based on our Saudi stock trading tips, Electrical Industries share price target will be SAR 3.6 – SAR 3.7 in the next 14-15 trading sessions.

Tadawul 1303: Electrical Industries - TRADINGVIEW POSITION UPDATE

Follow Tadawul 1303: Electrical IndustriesTRADING ADVICE On Social Media

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

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.

Pricing

Pricing (in SAR)

Email Newsletter

Get Free Saudi Stock Trading Advice

We respect your privacy.

You cannot copy content of this page