Prime Trading Advice (A) | Expected Gain 7-9% | Naranj Capital

 BUY   Electrical Industries (TADAWUL: 1303)

Tadawul 1303 : Electrical Industries - STOCK RECOMMENDATION

Idea BUY
Buy Range 4.5 – 4.7
Target 5 – 5.1
StopLoss* below 4.2
Duration 12-14 Trading Days
Potential Returns 7 – 9%
Idea Buy Range Target StopLoss* Duration Potential Returns
BUY 4.5 – 4.7 5 – 5.1 below 4.2 12-14 Trading Days 7 – 9%

* 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 1303 : Electrical Industries - STOCK OVERVIEW

Electrical Industries Co. deals in manufacturing,delivery and repair of Electrical Transformers , compact Substations , Lv Control Panels , Cable Trays, Mv & Lv Switch gears , other electrical products and Service related to these activities.The company was founded on August 7, 2007 and is headquartered in Dammam, Saudi Arabia.

Stock Data
TADAWUL Code 1303
Sectoral Index Capital Goods
52 Weeks High 5.22
52 Weeks Low 1.49

Tadawul 1303 : Electrical Industries - RELATIVE STRENGTH

Tadawul 1303-Electrical Industries-Relative Strength

Relative Performance - Last 1 Year

Electrical Industries —     TASI —

Tadawul 1303 : Electrical Industries - TECHNICAL ANALYSIS (DAILY)

Tadawul 1303-Electrical Industries-Daily Technical Analysis
Tadawul 1303 : Electrical Industries - Technical Analysis (Daily)
  • The price is in a strong uptrend and forming ‘Higher Highs and Lows’.
  • Currently the price is bouncing back from its trendline support level that signals buyers are very aggressive at the moment.
  • Volume chart is also looks impressive.
  • We can Expect a further upside move that will help the price to reach at new highs.

Tadawul 1303 : Electrical Industries - RSI

Tadawul 1303 : Electrical Industries - RSI
  • Current RSI of this stock is 62.41, which indicates the strength of buyers.

Tadawul 1303 : Electrical Industries - EMA Cross

Tadawul 1303 : Electrical Industries - EMA Cross
  • The short term exponential moving average (10 EMA) is going upside by touching the long term exponential moving average (20 EMA) and the last day’s candle is closed above all the moving averages. This suggests buyers are taking interest in this stock.

Tadawul 1303 : Electrical Industries - OBV

Tadawul 1303 : Electrical Industries - OBV
  • The OBV line is moving in the same upward direction which means there is a positive sentiment in the market. Also the significant price up move accompanying with increasing OBV volume suggests strong buying pressure.

CONCLUSION - Tadawul 1303 : Electrical Industries : STOCK PRICE FORECAST

Based on our stock trading advice in Saudi Arabia, Electrical Industries stock price target will be SAR 5 – SAR 5.1 in the next 12-14 trading sessions.

FOLLOW Tadawul 1303 : Electrical Industries - TRADINGVIEW POSITION UPDATE

Tadawul 1303 : Electrical Industries TRADING ADVICE On Social Media

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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