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Buy Makkah Construction and Development | Tadawul 4100 | Naranj Capital

SHORT TERM TRADING ADVICE IN SAUDI ARABIA

 BUY   Makkah Construction and Development (TADAWUL: 4100)

Tadawul 4100 : Makkah Construction and Development - STOCK RECOMMENDATION

Idea BUY
Buy Range 112 – 115
Target 124 – 125
StopLoss* below 107
Duration 12-14 Trading Days
Potential Returns 8% – 9%
Idea Buy Range Target StopLoss* Duration Potential Returns
BUY 112 – 115 124 – 125 below 107 12-14 Trading Days 8% – 9%

* 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 4100 : Makkah Construction and Development - STOCK OVERVIEW

Makkah Construction and Development Company is actively involved in investing, owning, developing, managing, purchasing, and leasing properties in close proximity to Al Masjid Al Haram in Saudi Arabia. The company also undertakes various engineering projects, which encompass building, construction, repair, and demolition activities. Additionally, it operates hotels and provides services for Hajj and Umrah. Established in 1989, the company is based in Mecca, Saudi Arabia.

Stock Data
TADAWUL Code 4100
Sectoral Index Real Estate Management
52 Weeks High 119.8
52 Weeks Low 61

Tadawul 4100 : Makkah Construction and Development - RELATIVE STRENGTH

Tadawul 4100-Makkah Construction & Development-Relative Strength

Relative Performance - Last 1 Year

Makkah Construction and Development —     TASI —

Tadawul 4100 : Makkah Construction and Development - TECHNICAL ANALYSIS (DAILY)

Tadawul 4100-Makkah Construction & Development-Daily Technical Analysis
Tadawul 4100 : Makkah Construction and Development - Technical Analysis (Weekly)
  • After a period of consolidation, a Cup & Handle pattern was formed by the price.
  • Following the breakout, the stock price experienced a substantial increase and reached close to the level of 112.
  • Subsequently, the stock encountered resistance at this level and entered a consolidation phase.
  • During this period, an Inverted Head & Shoulders pattern appeared on the chart, and the price is currently trading near the neckline and poised for a potential breakout in the near future.

Tadawul 4100 : Makkah Construction and Development - RSI

Tadawul 4100 : Makkah Construction and Development - RSI
  • Current RSI of this stock is 62.39, which indicates the strength of buyers.

Tadawul 4100 : Makkah Construction and Development - ADX & DI

Tadawul 4100 : Makkah Construction and Development - ADX & DI
  • Increasing ADX value above 20, indicated the strength of the trend, thereby uptrending ADX confirms the bullish or bearish supportive decisions. Along with the rising ADX, and the +DI is above (or crossing) -DI, indicates the long trades should be favoured.

Tadawul 4100 : Makkah Construction and Development - EMA Cross

Tadawul 4100-Makkah Construction & Development-EMA Cross
Tadawul 4100 : Makkah Construction and Development - EMA Cross
  • The short length exponential moving average (10 EMA) has crossed the long length exponential moving average (20 EMA) from the below, generates bullish signal. Last day’s candle has closed above all these moving averages. This suggests buyers are taking interest in this stock.

CONCLUSION - Tadawul 4100 : Makkah Construction and Development STOCK PRICE FORECAST

Based on our stock trading advice in Saudi Arabia, Makkah Construction and Development stock price target will be SAR 124 – SAR 125 in the next 12-14 trading sessions.

Tadawul 4100 : Makkah Construction and Development - TRADINGVIEW POSITION UPDATE

اشتر مكة 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.

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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 
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