Buy CARE | Tadawul 4005 | Naranj Capital

 BUY   National Medical Care (TADAWUL: 4005)

Tadawul 4005 : National Medical Care - STOCK RECOMMENDATION

Idea BUY
Buy Range 190 – 195
Target 205 – 208
StopLoss* below 183
Duration 12-14 Trading Days
Potential Returns 5% – 7%
Idea Buy Range Target StopLoss* Duration Potential Returns
BUY 190 – 195 205 – 208 below 183 12-14 Trading Days 5% – 7%

* 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.

Tadawul 4005 : National Medical Care - STOCK OVERVIEW

National Medical Care Company is responsible for the establishment, ownership, equipping, management, maintenance, and operation of healthcare facilities within the Kingdom of Saudi Arabia. The organization manages several institutions, including Riyadh Care Hospital, Family Health Care Center, National Hospital, and Care Company for Pharmaceutical and Medical Distribution. Additionally, it offers home healthcare services. Founded in 2003, the company is headquartered in Riyadh, Saudi Arabia.

Stock Data
TADAWUL Code 4005
Sectoral Index Health Care
52 Weeks High 227.6
52 Weeks Low 116

Tadawul 4005 : National Medical Care - RELATIVE STRENGTH

Tadawul 4005-Care-Relative Strength

Relative Performance - Last 1 Year

Care —     TASI —

Tadawul 4005 : National Medical Care - TECHNICAL ANALYSIS (DAILY)

Tadawul 4005 : National Medical Care - Technical Analysis (Daily)
  • The stock price has been consolidating within a defined range.
  • Currently, it has just bounced back from the support level, creating a strong bullish Marubozu candle and is now trending upward.
  • There are anticipations for a possible short-term rally in the stock price over the coming week or two.

Tadawul 4005 : National Medical Care - RSI

Tadawul 4005 : National Medical Care - RSI
  • The current RSI for this stock is 47.70, having recently bounced back from a level near 30, which could be seen as a positive signal.

Tadawul 4005 : National Medical Care - Volume Footprint

Tadawul 4005 : National Medical Care - Volume Footprint
  • For the last two trading session, the delta value has surged hugely, signals there is a strong accumulation at the support level occurred rather than distribution.

CONCLUSION - Tadawul 4005 : National Medical Care STOCK PRICE FORECAST

Based on our stock trading advice in Saudi Arabia, National Medical Care stock price target will be SAR 205 – SAR 208 in the next 12-14 trading sessions.

Tadawul 4005 : National Medical Care - TRADINGVIEW POSITION UPDATE

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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