Buy Al-Omran Industrial Trading | Tadawul 4141 | Naranj Capital

 BUY   Al-Omran Industrial Trading (TADAWUL: 4141)

Tadawul 4141 : Al-Omran Industrial Trading - STOCK RECOMMENDATION

Idea BUY
Buy Range 45 – 46
Target 49 – 49.5
StopLoss* below 44
Duration 12-14 Trading Days
Potential Returns 7 – 8%
Idea Buy Range Target StopLoss* Duration Potential Returns
BUY 45 – 46 49 – 49.5 below 44 12-14 Trading Days 7 – 8%

* 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 4141 : Al-Omran Industrial Trading - STOCK OVERVIEW

Al Omran industrial and treading is a Saudi based company. It produces electrical appliances for the house, plastic, paper and cartons, wholesale and retail electrical products, purchasing and renting land. The company engages in the manufacture of a range of products like Storage and Warehouse Systems, Coolers, Coolers Flask, Washers Ordinary Basin, Air Conditioner Aspelet Unix and many more things.

Stock Data
TADAWUL Code 4141
Sectoral Index Capital Goods
52 Weeks High 49.91
52 Weeks Low 31

Tadawul 4141 : Al-Omran Industrial Trading - RELATIVE STRENGTH

Tadawul 4141-Al-Omran Industrial and Trading-Relative Strength

Relative Performance - Last 1 Year

Al-Omran Industrial Trading —     TASI —

Tadawul 4141 : Al-Omran Industrial Trading - TECHNICAL ANALYSIS (DAILY)

Tadawul 4141-Al-Omran Industrial and Trading-Daily Technical Analysis
Tadawul 4141 : Al-Omran Industrial Trading - Technical Analysis (Daily)
  • After a sharp downfall, price took support at 31 level and started moving upside from there.
  • Volume was completely dried out during this downfall journey
  • A sharp move has been seen as the price had gone in a oversold zone.
  • At near of around 47 level, price has consolidated for a while.
  • A strong bullish candle has formed last day with impressive volume near the breakout level.
  • If the price break through the resistance level then we will be witnessing the price to reach at higher levels.

Tadawul 4141 : Al-Omran Industrial Trading - RSI

Tadawul 4141-Al-Omran Industrial and Trading-RSI
Tadawul 4141 : Al-Omran Industrial Trading - RSI

Current RSI of this stock is 61.08, which indicates the strength of buyers.

Tadawul 4141 : Al-Omran Industrial Trading - MACD

Tadawul 4141 : Al-Omran Industrial Trading - 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 4141 : Al-Omran Industrial Trading STOCK PRICE FORECAST

Based on our stock trading advice in Saudi Arabia, Al-Omran Industrial Trading stock price target will be SAR 49 – SAR 49.5 in the next 12-14 trading sessions.

Tadawul 4141 : Al-Omran Industrial Trading - TRADINGVIEW POSITION UPDATE

Follow Tadawul 4141 : Al-Omran Industrial Trading TRADING 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.

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