Buy Saudi Arabian Cooperative Insurance | Tadawul 8100 | Naranj Capital

 BUY   Saudi Arabian Cooperative Insurance (TADAWUL: 8100)

Tadawul 8100 : Saudi Arabian Cooperative Insurance - STOCK RECOMMENDATION

Idea BUY
Buy Range 20.2 – 20.7
Target 22 – 22.3
StopLoss* below 19.4
Duration 8-10 Trading Days
Potential Returns 6 – 8%
Idea Buy Range Target StopLoss* Duration Potential Returns
BUY 20.2 – 20.7 22 – 22.3 below 19.4 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 8100 : Saudi Arabian Cooperative Insurance - STOCK OVERVIEW

The Saudi Arabian Cooperative Insurance Company (SAICO) is one of the leading insurance companies in Saudi Arabia. Established in 2007, SAICO provides a wide range of insurance products and services to individuals, businesses, and government entities across the Kingdom. The company operates in compliance with the regulations set by the Saudi Arabian Monetary Authority (SAMA), which oversees the insurance industry in the country. The company offers various types of insurance coverage, including motor Insurance, health Insurance, property Insurance, liability Insurance etc.

Stock Data
TADAWUL Code 8100
Sectoral Index Insurance
52 Weeks High 21.24
52 Weeks Low 11.8

Tadawul 8100 : Saudi Arabian Cooperative Insurance - RELATIVE STRENGTH

TADAWUL 8100-SAUDI ARABIAN COOPERATIVE INSURANCE-RELATIVE STRENGTH

Relative Performance - Last 1 Year

Saudi Arabian Cooperative Insurance —     TASI —

Tadawul 8100 : Saudi Arabian Cooperative Insurance - TECHNICAL ANALYSIS (DAILY)

TADAWUL 8100-SAUDI ARABIAN COOPERATIVE INSURANCE-DAILY TECHNICAL ANALYSIS
Tadawul 8100 : Saudi Arabian Cooperative Insurance - Technical Analysis (Daily)
  • Previously the price was consolidating inside a rectangle pattern.
  • After the breakout, price started moving upside slowly through a parallel channel.
  • Volume has become so high in recent days.
  • Currently the price is trading near its 52 week high. If the price manages to sustain above 21 level, then more up move possible.

Tadawul 8100 : Saudi Arabian Cooperative Insurance - RSI

TADAWUL 8100-SAUDI ARABIAN COOPERATIVE INSURANCE-RSI
Tadawul 8100 : Saudi Arabian Cooperative Insurance - RSI
  • Current RSI of this stock is 67.26, which indicates the strength of buyers.

Tadawul 8100 : Saudi Arabian Cooperative Insurance - MACD

Tadawul 8100 : Saudi Arabian Cooperative Insurance - 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 8100 : Saudi Arabian Cooperative Insurance - EMA Cross

Tadawul 8100 : Saudi Arabian Cooperative Insurance - EMA Cross
  • Current RSI of this stock is 67.26, which indicates the strength of buyers.

CONCLUSION - Tadawul 8100 : Saudi Arabian Cooperative Insurance STOCK PRICE FORECAST

Based on our stock trading advice in Saudi Arabia, Saudi Arabian Cooperative Insurance stock price target will be SAR 22 – SAR 22.3 in the next 08-10 trading sessions.

Tadawul 8100 : Saudi Arabian Cooperative Insurance - TRADINGVIEW POSITION UPDATE

Follow Tadawul 8100 : Saudi Arabian Cooperative Insurance 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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