Tadawul 2320 : Al-Babtain Power & Telecommunication - STOCK RECOMMENDATION
Idea | BUY |
Buy Range | 34 – 35 |
Target | 37 – 37.5 |
StopLoss* | below 32.5 |
Duration | 10-12 Trading Days |
Potential Returns | 6 – 7% |
Idea | Buy Range | Target | StopLoss* | Duration | Potential Returns |
BUY | 34 – 35 | 37 – 37.5 | below 32.5 | 10-12 Trading Days | 6 – 7% |
* 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 2320 : Al-Babtain Power & Telecommunication - STOCK OVERVIEW
Company Overview:- AL-Babtain Power & Telecommunication Company ,headquartered in Riyadh, Saudi Arabia, manufactures steel structures such as electrical distribution and lighting poles, high masts, stadium masts, and monopoles. Additionally, the company operates plants for high voltage transmission and communication towers, steel structures. They also do tower testing, and galvanizing. Moreover, AL-Babtain Power & Telecommunication Company has expanded its operations to Egypt, enabling them to cater to the communication sector in the Middle East. With a diverse customer base, the company has established its presence globally.
Stock Data | |
TADAWUL Code | 2320 |
Sectoral Index | Capital Goods |
52 Weeks High | 35.1 |
52 Weeks Low | 14.27 |
Tadawul 2320 : Al-Babtain Power & Telecommunication - RELATIVE STRENGTH

Relative Performance - Last 1 Year
Al-Babtain Power & Telecommunication — TASI —
Tadawul 2320 : Al-Babtain Power & Telecommunication - TECHNICAL ANALYSIS (DAILY)

- Previously, the price had been consolidating and made a Rounding Top pattern.
- But instead of breaking down the neckline, price gave a sharp upmove from there and reached to 30 level.
- A gap up scenario can be observed at the chart and the price managed to sustain the level after gap up. This activity shows the strength of buyers at that moment.
- After that, price has consolidated in a Rectangle for a while.
- Then successfully broke out the range upside and currently trading at All Time High.
- Volume is also decent.
- We might be witnessing the price to achieve the upper levels in coming days.
Tadawul 2320 : Al-Babtain Power & Telecommunication - RSI

- Current RSI of this stock is 61.37, which indicates the strength of buyers.
Tadawul 2320 : Al-Babtain Power & Telecommunication - 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 2320 : Al-Babtain Power & Telecommunication - Bollinger Bands

- From Novโ23, price is continuously hugging the upper band and sometimes exceeded the upper band, which indicates the momentum is with the buyers.
CONCLUSION - Tadawul 2320 : Al-Babtain Power & Telecommunication STOCK PRICE FORECAST
Based on our stock trading advice in Saudi Arabia, Al-Babtain Power & Telecommunication stock price target will be SAR 37 – SAR 37.5 in the next 12-14 trading sessions.
Tadawul 2320 : Al-Babtain Power & Telecommunication - TRADINGVIEW POSITION UPDATE
Tadawul 2320 : Al-Babtain Power & Telecommunication TRADING ADVICE On Social Media
๐ผ ุงูุณูู ููุชู ู ุฅูู ูุทุงุน ุงูุณูุน ุงูุฑุฃุณู ุงููุฉ
— Naranj Capital ูุงุฑุงูุฌ ูุงุจูุชุงู (@NaranjCapital) March 4, 2024
๐ฐ ุงูุนูุงุฆุฏ ุงูู ุญุชู ูุฉ: 6%-7% ุฎูุงู 10-12 ููู ุชุฏุงูู
๐ข ููุญุตูู ุนูู ูุทุงู ุงูุดุฑุงุก ุงูุฏููู ูุงููุฏู ูุฅููุงู ุงูุฎุณุงุฑุฉ ููุชุฑุฉ ุงูุงูุชุธุงุฑุ ุงุดุชุฑู ูู ุฎุฏู ุงุชูุง ุงูู ุฏููุนุฉ. ูู ุจุฒูุงุฑุฉ ุงูู ููุน ู ู ุงูุฑุงุจุท ุงูู ุฐููุฑ ูู ุงูุจุงูู!#ุณูู_ุงูุงุณูู _ุงูุณุนูุฏู #ุชุงุณู #ุงูุฃุณูู โฆ pic.twitter.com/HnuOlnC7gz