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Buy Al-Omran Industrial Trading | Tadawul 4141 | Naranj Capital

SHORT TERM TRADING ADVICE IN SAUDI ARABIA

 BUY   Al-Omran Industrial Trading (TADAWUL: 4141)

Tadawul 4141 : Al-Omran Industrial Trading - STOCK RECOMMENDATION

Idea BUY
Buy Range 43.5 – 44.5
Target 48 – 48.5
StopLoss* below 42
Duration 15 – 16 Trading Days
Potential Returns 10 – 11%
Idea Buy Range Target StopLoss* Duration Potential Returns
BUY 43.5 – 44.5 48 – 48.5 below 42 15 – 16 Trading Days 10 – 11%

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

Tadawul 4141 : Al-Omran Industrial Trading - STOCK OVERVIEW

Al Omran industrial and treading is a Saudi based company. It produces electrical appliances for the house, plastic, paper and cartons, wholesale and retail electrical products, purchasing and renting land. The company engages in the manufacture of a range of products like Storage and Warehouse Systems, Coolers, Coolers Flask, Washers Ordinary Basin, Air Conditioner Aspelet Unix and many more things.

Stock Data
TADAWUL Code 4141
Sectoral Index Capital Goods
52 Weeks High 49.91
52 Weeks Low 31

Tadawul 4141 : Al-Omran Industrial Trading - TECHNICAL ANALYSIS (DAILY)

Al-Omran Industrial Trading - Technical Analysis (Daily)

  • The stock had been maintaining a trendline resistance. But in Jan’24, this stock breaks its resistance level and sustaining above the previous resistance level.

  • The trading volume has been drastically changed in last few days, which indicates bulls are going to dominate bears and uplift the price range.

TADAWUL 4141-AL OMRAAN INDUSTRIAL TRADING COMPANY-FIBONACCI RETRACEMENT

Tadawul 4141-Al Omraan Industrial Trading Company -Fibonacci Retracement
Tadawul 4141-Al Omraan Industrial Trading Company - Fibonacci Retracement

  • The stock price took support exactly at the 38.2% Fibonacci retracement level and sustaining over it. It seems that the price will move upside.

  • If the stock somehow manages to break nearest resistance level at 48, then more upside move possible in upcoming days.

CONCLUSION - Tadawul 4141 : Al-Omran Industrial Trading STOCK PRICE FORECAST

Based on our swing stock trading advice in Saudi Arabia, Al-Omran Industrial Trading share price target will be SAR 48 – SAR 48.5 in the next 12-14 trading sessions.

Tadawul 4141 :Al-Omran Industrial Trading - TRADINGVIEW POSITION UPDATE

اشتر العمران by NaranjCapital on TradingView

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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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