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RASAN βΒ Β TASI β
A bullish signal is generated as the K line (blue) crosses over the D line (orange) from below, indicating a reversal from oversold conditions.
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.
Based on our stock trading advice in Saudi Arabia, Rasan Information Technology stock price target will be SAR 80 - SAR 82 in the next 08-10 trading sessions.
Rasan Information Technology Company is a fintech firm offering insurance and financial services in Saudi Arabia. It operates Tameeni for comparing and purchasing insurance, Treza for motor leasing solutions, Awalmazad for online auto auctions of salvage and repossessed vehicles, RS for business intelligence and pricing models, and Warshti for car repairs. Additionally, it specializes in software design for computer systems and communication equipment, program and database development, vehicle auctioning, towing, storage, electronic publishing, online wholesale, and custom software solutions. Established in 2016, the company is headquartered in Riyadh.
RASAN βΒ Β TASI β
A bullish signal is generated as the K line (blue) crosses over the D line (orange) from below, indicating a reversal from oversold conditions.
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.
Based on our stock trading advice in Saudi Arabia, Rasan Information Technology stock price target will be SAR 80 - SAR 82 in the next 08-10 trading sessions.
Arijit Banerjee CMT CFTe is a seasoned expert in the financial industry, boasting decades of experience in trading, investment, and wealth management. As the founder and chief strategist of Naranj Capital, he’s built a reputation for providing insightful research analysis to guide investment decisions.
Arijit’s credentials are impressive, holding both the Chartered Market Technician (CMT) and Certified Financial Technician (CFTe) designations. These certifications demonstrate his expertise in technical analysis and financial markets.
Through Naranj Capital, Arijit shares his market insights and research analysis, offering actionable advice for investors. His work is featured on platforms like TradingView, where he publishes detailed analysis and recommendations.
If you’re interested in learning more about Arijit’s work or Naranj Capital’s services, you can reach out to them directly through their website
