Buy Naqi Water | Tadawul 2282 | Naranj Capital

 BUY   Naqi Water (TADAWUL: 2282)

Tadawul 2282 : Naqi Water - STOCK RECOMMENDATION

Idea BUY
Buy Range 78 – 80
Target 84 – 86
StopLoss* below 76.5
Duration 15-16 Trading Days
Potential Returns 8 – 10%
Idea Buy Range Target StopLoss* Duration Potential Returns
BUY 78 – 80 84 – 86 below 76.5 15-16 Trading Days 8 – 10%

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

Tadawul 2282 : Naqi Water - STOCK OVERVIEW

Naqi Water Company, headquartered in Unaizah, Saudi Arabia, is engaged in the production and bottling of pristine filtered water. With a strong foothold in the Saudi Arabian market, the company effectively operates in two key segments: Wholesale and Retail. In addition to its core business of producing pure filtered water, Naqi Water Company also engages in the wholesale distribution of bottled water, soft drinks, and juices. Furthermore, the company caters to the retail market by offering a wide range of beverages in specialized stores. Naqi Water Company covers a vast geographical area, serving customers in the South, East, North, West, and Central regions of Saudi Arabia, while also expanding its reach through export sales. Founded in 2014, Naqi Water Company has established itself as a trusted name in the industry, providing high-quality products to satisfy the discerning needs of consumers.

Stock Data
TADAWUL Code 2282
Sectoral Index Food & Beverages
52 Weeks High 94.8
52 Weeks Low 59.3

Tadawul 2282 : Naqi Water - RELATIVE STRENGTH

Tadawul 2282-Naqi Water Co.-Relative Strength

Relative Performance - Last 1 Year

Naqi Water —     TASI —

Tadawul 2282 : Naqi Water - TECHNICAL ANALYSIS (DAILY)

Tadawul 2282-Naqi Water Co.-Daily Technical Analysis
Tadawul 2282 : Naqi Water - Technical Analysis (Daily)
  • There has been a huge correction in price can be observed, which is almost 36% fall from the top.
  • Volume was completely dried out during this downfall.
  • Price had gone in a oversold zone from where price got bounced and has giver a sharp upside rally.
  • With a strong trendline support price has broken the neckline of Inverted Head & Shoulder pattern and continued to move upside further.
  • Volume has been impressively high for last few trading sessions. This shows Smart Money is coming in which can bring the price to the upper levels.

Tadawul 2282 : Naqi Water - ADX and DI

Tadawul 2282 : Naqi Water - ADX and 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 2282 : Naqi Water - MACD

Tadawul 2282 : Naqi Water - 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.

CONCLUSION - Tadawul 2282 : Naqi Water STOCK PRICE FORECAST

Based on our stock trading advice in Saudi Arabia, Naqi Water stock price target will be SAR 84 – SAR 86 in the next 15-16 trading sessions.

Tadawul 2282 : Naqi Water - TRADINGVIEW POSITION UPDATE

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اشتر نقي by NaranjCapital on TradingView.com

Follow Tadawul 2282 : Naqi WaterTRADING 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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