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Saudi Prime Trading Advice (A) | 09-Feb-2025 | Expected Gain 5%-6%

SHORT TERM TRADING ADVICE IN SAUDI ARABIA

 BUY   Makkah Construction and Development (TADAWUL: 4100)

Tadawul 4100 : Makkah Construction and Development - STOCK RECOMMENDATION

Idea BUY
Buy Range 105 – 108
Target 113 – 115
StopLoss* below 100
Duration 14-15 Trading Days
Potential Returns 5% – 6%
Idea Buy Range Target StopLoss* Duration Potential Returns
BUY 105 – 108 113 – 115 below 100 14-15 Trading Days 5% – 6%

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

Our recommendations are authentic and transparent. Find this recommendation posted in Tradingview. Be assured such records are permanent and irreversible.

 Tradingview position update

Tadawul 4100 : Makkah Construction and Development - STOCK OVERVIEW

Makkah Construction and Development Company is actively involved in investing, owning, developing, managing, purchasing, and leasing properties in close proximity to Al Masjid Al Haram in Saudi Arabia. The company also undertakes various engineering projects, which encompass building, construction, repair, and demolition activities. Additionally, it operates hotels and provides services for Hajj and Umrah. Established in 1989, the company is based in Mecca, Saudi Arabia.

Stock Data
TADAWUL Code 4100
Sectoral Index Real Estate Management
52 Weeks High 114.6
52 Weeks Low 62.57

Tadawul 4100 : Makkah Construction and Development - RELATIVE STRENGTH

TADAWUL 4100 - MCDC - RELATIVE STRENGTH

Relative Performance - Last 1 Year

MCDC —     TASI —

Tadawul 4100 : Makkah Construction and Development - TECHNICAL ANALYSIS (DAILY)

TADAWUL 4100 - MCDC - DAILY TECHNICAL ANALYSIS
Tadawul 4100 : Makkah Construction and Development - Technical Analysis (Daily)
  • The stock price is trending upward within a parallel ascending channel, having recently encountered minor resistance at the upper boundary.
  • We expect a breakout to occur soon, driving the price upward.

Tadawul 4100 : Makkah Construction and Development - RSI

TADAWUL 4100 - MCDC - RSI
Tadawul 4100 : Makkah Construction and Development - RSI
  • Current RSI of this stock is 65.92, which indicates the strength of buyers.

Tadawul 4100 : Makkah Construction and Development - ADX & DI

TADAWUL 4100 - MCDC - ADX & DI
Tadawul 4100 : Makkah Construction and Development - 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 4100 : Makkah Construction and Development - MACD

Tadawul 4100 : Makkah Construction and Development - MACD
  • MACD line has crossed the signal line from the below, generates bullish signal.

CONCLUSION - Tadawul 4100 : Makkah Construction and Development STOCK PRICE FORECAST

Based on our stock trading advice in Saudi Arabia, Makkah Construction and Development stock price target will be SAR 113 – SAR 115 in the next 14-15 trading sessions.

Tadawul 4100 : Makkah Construction and Development - TRADINGVIEW POSITION UPDATE

اشتر مكة by NaranjCapital on TradingView.com

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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Pricing

Pricing (in SAR)

  • 15 advice         SAR 1500               --             SAR 1500
  • 45 advice         SAR 4500        20% OFF       SAR 3600
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            --        
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     35% OFF 
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     50% OFF 
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