Buy AlSaif Stores for Development and Investment | Tadawul 4192 | Naranj Capital

 BUY   AlSaif Stores for Development and Investment (TADAWUL: 4192)

Tadawul 4192 : AlSaif Stores for Development and Investment - STOCK RECOMMENDATION

Idea BUY
Buy Range 11.4 – 11.8
Target 12.5 – 12.7
StopLoss* below 10.9
Duration 8-10 Trading Days
Potential Returns 6 – 8%
Idea Buy Range Target StopLoss* Duration Potential Returns
BUY 11.4 – 11.8 12.5 – 12.7 below 10.9 8-10 Trading Days 6 – 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 4192 : AlSaif Stores for Development and Investment - STOCK OVERVIEW

AlSaif Stores for Development Company is a Saudi Arabian company primarily engaged in the development and management of commercial properties, particularly shopping centers and retail spaces. It operates under the umbrella of the AlSaif Group, a diversified conglomerate with interests in various sectors including real estate, construction, hospitality, and retail. The company focuses on creating modern and attractive retail destinations that cater to the needs of consumers and businesses alike. By developing innovative and sustainable properties, the company aims to contribute to the growth and development of the retail sector in Saudi Arabia and beyond. The company was founded in 1993 and is headquartered in Al Taawun, Saudi Arabia.

Stock Data
TADAWUL Code 4192
Sectoral Index Consumer Discretionary Distribution & Retail
52 Weeks High 12
52 Weeks Low 7.43

Tadawul 4192 : AlSaif Stores for Development and Investment - RELATIVE STRENGTH

TADAWUL 4192-ALSAIF STORES FOR DEVELOPMENT AND INVESTMENT-RELATIVE STRENGTH

Relative Performance - Last 1 Year

AlSaif Stores for Development and Investment —     TASI —

Tadawul 4192 : AlSaif Stores for Development and Investment - TECHNICAL ANALYSIS (DAILY)

TADAWUL 4192-ALSAIF STORES FOR DEVELOPMENT AND INVESTMENT-DAILY TECHNICAL ANALYSIS
Tadawul 4192 : AlSaif Stores for Development and Investment - Technical Analysis (Daily)
  • Price was in a deep consolidation phase since June’23.
  • After a significant correction, price finally found the support at around 7.5 level.
  • From there the price started forming Higher Highs and Lows and reached to its previous resistance around 10.5 level.
  • With again a short pull back, price finally break through the resistance level.
  • After the breakout, price started consolidating again.
  • With a significant volume rise, price has formed a bullish marubozu candle in last trading session which is indicating that price might be going upside further.

Tadawul 4192 : AlSaif Stores for Development and Investment - RSI

TADAWUL 4192-ALSAIF STORES FOR DEVELOPMENT AND INVESTMENT-RSI
Tadawul 4192 : AlSaif Stores for Development and Investment - RSI
  • Current RSI of this stock is 63.31, which indicates the strength of buyers.

Tadawul 4192 : AlSaif Stores for Development and Investment - ADX & DI

Tadawul 4192 : AlSaif Stores for Development and Investment - 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 4192 : AlSaif Stores for Development and Investment - EMA Cross

Tadawul 4192 : AlSaif Stores for Development and Investment - 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 4192 : AlSaif Stores for Development and Investment STOCK PRICE FORECAST

Based on our stock trading advice in Saudi Arabia, AlSaif Stores for Development and Investment stock price target will be SAR 12.5 – SAR 12.7 in the next 08-10 trading sessions.

Tadawul 4192 : AlSaif Stores for Development and Investment - TRADINGVIEW POSITION UPDATE

Follow Tadawul 4192 : AlSaif Stores for Development and Investment 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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