Buy Saudi Real Estate Company | Tadawul 4020 | Naranj Capital

 BUY   Saudi Real Estate Company (TADAWUL: 4020)

Tadawul 4020 : Saudi Real Estate Company - STOCK RECOMMENDATION

Idea BUY
Buy Range 18.2 – 18.6
Target 20.5 – 21
StopLoss* below 17.6
Duration 14 – 15 Trading Days
Potential Returns 13 – 15%
Idea Buy Range Target StopLoss* Duration Potential Returns
BUY 18.2 – 18.6 20.5 – 21 below 17.6 14 – 15 Trading Days 13 – 15%

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

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Tadawul 4020 : Saudi Real Estate Company - STOCK OVERVIEW

Founded in 1976, Saudi Real Estate Company operates as a real estate development company. Its services includes acquisition and development of land and establishment of residential and commercial buildings and selling, leasing and property management for the company and others. The company also deals in production, sales, purchase and rent of the construction of the materials.

Stock Data
TADAWUL Code 4020
Sectoral Index Real Estate Mgmt. & Dev’t
52 Weeks High 19.06
52 Weeks Low 11.66

Tadawul 4020 : Saudi Real Estate Company - TECHNICAL ANALYSIS (WEEKLY)

Tadawul 4020 : Saudi Real Estate Company - Technical Analysis in Weekly Timeframe
  • After making a Double Top pattern, the stock broke its neckline support. We have witnessed a huge downfall from April’23 to July’23.
  • The stock was in a deep consolidation phase from July’23 to Dec’23. Somewhere it shows that the bears are exhausted and intend to leave.
  • Trading Volume was completely Dried out throughout the consolidation phase. But after the breakout of Double Bottom (W) pattern with a strong bullish candle, the volume appears to be increasing slowly.
  • Finally the stock has broken its trendline resistance with a strong bullish candle.
  • We can expect a upmove further.

Tadawul 4020 : Saudi Real Estate Company - TECHNICAL ANALYSIS (DAILY)

Tadawul 4020 : Saudi Real Estate Company - Technical Analysis in Daily Timeframe
  • The stock was moving through a parallel channel during its consolidation period. The price was neither breaking its upper level nor the lower level.
  • A strong bullish Inverted Head & Shoulder pattern was formed, which indicated the stock was restoring its strength to move upside.
  • From Nov’23 the stock is in a strong upward direction by making new highs and breaking resistance levels one after another.
  • The Volume chart is significantly good and keep increasing daily. 

Tadawul 4020 : Saudi Real Estate Company - MA Cross

Tadawul 4020 : Saudi Real Estate Company - MA Cross
  • In chart we see the shorter-term moving average crossed above the longer-term moving average which gives a bullish signal. This is known as a “Golden Cross” and is considered a potential indication of a new uptrend. 

Tadawul 4020 : Saudi Real Estate Company - ADX

Tadawul 4020 : Saudi Real Estate Company - ADX
  • ADX and +DI crossing above 40 indicate buying momentum and probable further rise.

CONCLUSION - Tadawul 4020 : Saudi Real Estate Company STOCK PRICE FORECAST

Based on our trading signals for Saudi stocks, Saudi Real Estate Company share price target will be SAR 20.5 – SAR 21 in the next 14-15 trading sessions.

Tadawul 4020 : Saudi Real Estate Company - TRADINGVIEW POSITION UPDATE

Follow Tadawul 4020 : Saudi Real Estate CompanyTRADING 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.

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