Buy Development Works Food | Tadawul 6013 | Naranj Capital

 BUY   Development Works Food (TADAWUL: 6013)

Tadawul 6013 : Development Works Food - STOCK RECOMMENDATION

Idea BUY
Buy Range 150 – 153
Target 167 – 170
StopLoss* below 143
Duration 14-15 Trading Days
Potential Returns 9 – 11%
Idea Buy Range Target StopLoss* Duration Potential Returns
BUY 150 – 153 167 – 170 below 143 14-15 Trading Days 9 – 11%

* 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 6013 : Development Works Food - STOCK OVERVIEW

Development Works Food Company engages in the food and beverages industries. This company also is engaged establishment and operation of the cold storages, the chain of restaurants and cafes. They export and import of services, the cooked and uncooked foods, materials, equipment needed in the field. this company is headquartered in Riyadh, Saudi Arabia.

Stock Data
TADAWUL Code 6013
Sectoral Index Consumer Services
52 Weeks High 172.6
52 Weeks Low 91.8

Tadawul 6013 : Development Works Food - RELATIVE STRENGTH

Tadawul 6013-Development Works Food-Relative Strength

Relative Performance - Last 1 Year

Development Works Food —     TASI —

Tadawul 6013 : Development Works Food - TECHNICAL ANALYSIS (DAILY)

Tadawul 6013-Development Works Food-Daily Technical Analysis
Tadawul 6013 : Development Works Food - Technical Analysis (Daily)
  • After a downfall, price took support at 92 level and bounced back from there.
  • With a sharp rally, price reached to 153 level in just few days.
  • From there, price made a correction and consolidated for a while.
  • A Symmetrical Triangle pattern has been formed at the chart.
  • After the breakout, price came back and retest the resistance level and going upwards slowly.
  • Volume has been very high these days.
  • We can expect further upside rally from the current level.

Tadawul 6013 : Development Works Food - RSI

Tadawul 6013-Development Works Food-RSI
Tadawul 6013 : Development Works Food - Technical Analysis (Daily)
  • Current RSI of this stock is 66.19, which indicates the strength of buyers.

Tadawul 6013 : Development Works Food - MA CROSS

Tadawul 6013-Development Works Food-MA Cross
Tadawul 6013 : Development Works Food - MA Cross
  • The short length moving average (10 SMA) is about to cross the long length moving average (20 SMA) 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.

Tadawul 6013 : Development Works Food - ADX & dI

Tadawul 6013-Development Works Food-ADX & DI
Tadawul 6013 : Development Works Food - 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 6013 : Development Works Food STOCK PRICE FORECAST

Based on our stock trading advice in Saudi Arabia, Development Works Food stock price target will be SAR 167 – SAR 170 in the next 14-15 trading sessions.

Tadawul 6013 : Development Works Food - TRADINGVIEW POSITION UPDATE

Tadawul 6013 : Development Works Food TRADING ADVICE On Social Media


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.


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.


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


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 (in SAR)

Email Newsletter

Get Free Saudi Stock Trading Advice

We respect your privacy.

You cannot copy content of this page