Twitter Facebook-f Linkedin-in Instagram

Saudi Prime Trading Advice (A) | 10-Jun-2024 | Expected Gain 6%-7%

SHORT TERM TRADING ADVICE IN SAUDI ARABIA

 BUY   Al Rajhi Bank (TADAWUL: 1120)

Tadawul 1120 : Al Rajhi Bank - STOCK RECOMMENDATION

Idea BUY
Buy Range 79.5 – 81.5
Target 86 – 87
StopLoss* below 76
Duration 12-14 Trading Days
Potential Returns 6% – 7%
Idea Buy Range Target StopLoss* Duration Potential Returns
BUY 79.5 – 81.5 86 – 87 below 76 12-14 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 1120 : Al Rajhi Bank - STOCK OVERVIEW

investment services. It operates through various segments, namely Retail, Corporate, Treasury, and Investment Services Brokerage, and Other. The Retail segment focuses on catering to individual customers by providing services such as deposits, credit facilities, current accounts, and remittance business. The Corporate segment, on the other hand, deals with corporate customers and offers services like deposits, credit facilities, and current accounts. The Treasury segment specializes in providing treasury services and managing portfolios. Lastly, the Investment Services and Brokerage, and Other segments encompass investments made by individuals and corporations in mutual funds, share trading services, and investment portfolios. Established in 1957, the company is headquartered in Riyadh, Saudi Arabia.

Stock Data
TADAWUL Code 1120
Sectoral Index Bank
52 Weeks High 92.5
52 Weeks Low 63.1

Tadawul 1120 : Al Rajhi Bank - RELATIVE STRENGTH

Tadawul 1120-Al Rajhi Bank-Relative Strength

Relative Performance - Last 1 Year

Al Rajhi Bank —     TASI —

Tadawul 1120 : Al Rajhi Bank - TECHNICAL ANALYSIS (DAILY)

Tadawul 1120-Al Rajhi Bank-Daily Technical Analysis
Tadawul 1120 : Al Rajhi Bank - Technical Analysis (Daily)
  • The price trend shifted from a continuous decline to an upward movement, creating Higher Highs and Lows.
  • After hitting close to 93, the price faced a significant rejection and underwent a sharp correction.
  • Eventually, the price stabilized around 75 and began to climb upwards.
  • There is anticipation for further upward movement in the price.

Tadawul 1120 : Al Rajhi Bank - RSI

Tadawul 1120-Al Rajhi Bank-RSI
Tadawul 1120 : Al Rajhi Bank - RSI
  • Current RSI of this stock is 62.00 which indicates the strength of buyers.

Tadawul 1120 : Al Rajhi Bank - MACD

Tadawul 1120 : Al Rajhi Bank - MACD
  • Current RSI of this stock is 62.00 which indicates the strength of buyers.

Tadawul 1120 : Al Rajhi Bank - EMA CROSS

Tadawul 1120 : Al Rajhi Bank - EMA Cross

  • The short length exponential moving average (10 EMA) is about to cross the long length exponential moving average (20 EMA) from the below, generates bullish signal. Last dayโ€™s candle has closed above all these moving averages. This suggests buyers are taking interest in this stock.

CONCLUSION - Tadawul 1120 : Al Rajhi Bank STOCK PRICE FORECAST

Based on our stock trading advice in Saudi Arabia, Al Rajhi Bank stock price target will be SAR 86 – SAR 87 in the next 12-14 trading sessions.

Tadawul 1120 : Al Rajhi Bank - TRADINGVIEW POSITION UPDATE

ุงุดุชุฑ ุงู„ุฑุงุฌุญูŠ 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.

Enjoy this recommendation?
Share with your friends

Your return could be more

PROFITABLE!

access our premium recommendations

๐Ÿ‡ธ๐Ÿ‡ฆ  Prime Trading Advice

for Saudi Arabia Stock Market Tadawul

Leverage our knowledge to trade with confidence. Expert Advice for short to medium term trading with specific target and strict stoploss.

  • top 9-10 trading advice / month
  • trade holding period 1-2 weeks
  • average profit 5%-10% per trade
  • short term quick gain trading
  • high accuracy, massive profit
  • saudi tadawul indices forecast

Pricing

Pricing (in SAR)

  • 15 advice         SAR 1500               --             SAR 1500
  • 45 advice         SAR 4500        20% OFF       SAR 3600
  • 90 advice         SAR 9000        33% OFF       SAR 6000
  • 180 advice     SAR 18000       50% OFF       SAR 9000
  • 15 advice                            SAR 1500
            --        
  • 45 advice      SAR 4500     SAR 3600
     20% OFF 
  • 90 advice      SAR 9000     SAR 5850
     35% OFF 
  • 180 advice   SAR 18000   SAR 9000
     50% OFF 
Subscribe NOW

Email Newsletter

Get Free Saudi Stock Trading Advice

We respect your privacy.

You cannot copy content of this page

× Chat With Us