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Saudi Prime Trading Advice (A) | 09-Dec-2024 | Expected Gain 6%-7%

SHORT TERM TRADING ADVICE IN SAUDI ARABIA

 BUY   Zamil Industrial Investment (TADAWUL: 2240)

Tadawul 2240 : Zamil Industrial Investment - STOCK RECOMMENDATION

Idea BUY
Buy Range 31.8 – 32.2
Target 34.2 – 34.5
StopLoss* below 30.7
Duration 14-15 Trading Days
Potential Returns 6% – 7%
Idea Buy Range Target StopLoss* Duration Potential Returns
BUY 31.8 – 32.2 34.2 – 34.5 below 30.7 14-15 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. Be assured such records are permanent and irreversible.

 Tradingview position update

Tadawul 2240 : Zamil Industrial Investment - STOCK OVERVIEW

Zamil Industrial Investment Company and its subsidiaries focus on designing, manufacturing, and fabricating construction materials, pre-engineered steel buildings, and climate control systems for various applications, including telecom towers and solar projects. It operates in four segments: Air Conditioners, Steel, Insulation, and Corporate. The Air Conditioners segment produces various cooling systems and appliances, while the Steel segment manages industrial projects and communication towers. The Insulation segment manufactures fiberglass and other insulation products. The Corporate segment handles training and investments. Founded in 1974, the company is based in Dammam, Saudi Arabia, and operates in Saudi Arabia, Asia, and Africa.

Stock Data
TADAWUL Code 2240
Sectoral Index Materials
52 Weeks High 34.3
52 Weeks Low 19.72

Tadawul 2240 : Zamil Industrial Investment - RELATIVE STRENGTH

TADAWUL 2240 - ZAMIL INDUST - RELATIVE STRENGTH

Relative Performance - Last 1 Year

ZAMIL INDUST —     TASI —

Tadawul 2240 : Zamil Industrial Investment - TECHNICAL ANALYSIS (DAILY)

Tadawul 2240 : Zamil Industrial Investment - Technical Analysis (Weekly)
  • Following a significant decline, the price discovered support around the 20 level and began its upward trajectory.
  • With a recent breakout, the price is now poised for further gains.

Tadawul 2240 : Zamil Industrial Investment - RSI

TADAWUL 2240 - ZAMIL INDUST - RSI
Tadawul 2240 : Zamil Industrial Investment - RSI
  • Current RSI of this stock is 74.10, which indicates the strength of buyers.

Tadawul 2240 : Zamil Industrial Investment - MACD

TADAWUL 2240 - ZAMIL INDUST - MACD
Tadawul 2240 : Zamil Industrial Investment - MACD

Tadawul 2240 : Zamil Industrial Investment - ADX & DI

Tadawul 2240 : Zamil Industrial Investment - 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.

CONCLUSION - Tadawul 2240 : Zamil Industrial Investment STOCK PRICE FORECAST

Based on our stock trading advice in Saudi Arabia, Zamil Industrial Investment stock price target will be SAR 34.2 – SAR 34.5 in the next 14-15 trading sessions.

Tadawul 2240 : Zamil Industrial Investment - TRADINGVIEW POSITION UPDATE

ุงุดุชุฑ ุงู„ุฒุงู…ู„ ู„ู„ุตู†ุงุนุฉ by NaranjCapital on TradingView.com

MONEY MANAGEMENT AND TRADING RULES

1)ย  Itโ€™s advisable to enter/exit in the recommended range.
2)ย  Strictly follow the StopLoss as mentioned. Honour it.
3) ย Use trailing StopLoss to retain profits.
4)ย  Diversify trading capital into our other trading recommendations.
5)ย  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 ofย 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 aย Certified Financial Technician (CFTe)ย 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 (in SAR)

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     50% OFF 
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