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Prime Trading Advice (A ) | Expected Gain 15-17% | Naranj Capital

SHORT TERM TRADING ADVICE IN SAUDI ARABIA

 BUY   Al Hammadi Holding (TADAWUL: 4007)

Al Hammadi Holding - STOCK RECOMMENDATION

Idea BUY
Buy Range 58.5 – 60.5
Target 67.5 – 68.5
StopLoss* below 55
Duration 12 – 14 Trading Days
Potential Returns 15 – 17%
Idea Buy Range Target StopLoss* Duration Potential Returns
BUY 58.5 – 60.5 67.5 – 68.5 below 55 12 – 14 Trading Days 15 – 17%

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

Al Hammadi Holding - COMPANY OVERVIEW

Al Hammadi Holding is an integrated healthcare group and a premier hospital operator in Saudi Arabia. It operates through the Medical Services and Pharmaceuticals Sales segments. The Group currently operates two hospitals in the Saudi Arabian capital, housing 600 inpatient rooms and 180 outpatient clinics. It’s headquarter is in Riyadh, Saudi Arabia.

Al Hammadi Holding - STOCK INFORMATION

Stock Data
TADAWUL Code 4007
Sectoral Index Health Care Equipment & Service
52 Weeks High 63.9
52 Weeks Low 33.1
Relative Performance_Al Hammadi Holding vs TASI
Relative Performance_Al Hammadi Holding vs TASI

Al Hammadi Holding - TECHNICAL ANALYSIS (WEEKLY)

Arab Sea Information - Technical Analysis (Weekly)
  • Looking at theย Tata Motors historical share price, the stock had seen a spectacular rally from the bottom of around 11.5 (May 2001) and hit a fresh high of about 199.5 (May 2006).
  • Share price of Tata Motorsย has slipped into sharp decline afterwards, had broken all the support during the 2008 financial crisis and moved near 25.
  • The stock was recovered afterwards sharply and witnessed a strong rally during 2009-2015, rallying from โ‚น25 to lifetime high of โ‚น612.4. A whopping 2350% gain in just seven years.
  • Since it’s lifetime high of โ‚น612.4 registered during February 2015,ย TATAMOTORS share priceย has been in a declining trend.
  • After a consistent downtrend in the last five years, the stock price had taken the support on the Ultimate baseline, which corresponds to earlier lows, thereby making it strong support.
  • As seen in theย Tata Motors share price history, the primary trend is positive since 2001. There is a steady support baseline which is moving upwards along with price rise.
  • Overall Tata Motors trend and the broader pattern are bullish, and recent closing above the Primary Trend had given us the opportunity to enter the stock (Inset view).
  • Tata Motors share targetย will be double or more in the next two years.

Al Hammadi Holding - TECHNICAL ANALYSIS (DAILY)

Arab Sea Information - Technical Analysis (Daily)
  • As seen in theย Tata Motors chart analysis,ย the OBV is trading above the 15 days MA of it’s on balance volume. Buying pressure is visible as the positive volume exceeds negative volume, and the OBV line rising upwards.
  • The OBV measures the volume change with price to identify the smart money are buying and selling the positions in the stock. This suggests you should invest in Tata Motors at dips and build long positions with institutional investors.

CONCLUSION - Al Hammadi Holding STOCK PRICE FORECAST

Based on our swing stock trading advice in Saudi Arabia, Al Hammadi Holding share price target will be 67.5 – 68.5 in the next 12-14 trading sessions.

Al Hammadi Holding - TRADINGVIEW POSITION UPDATE

ุงุดุชุฑ ุงู„ุญู…ุงุฏูŠ by NaranjCapital on TradingView.com

ุงุดุชุฑ ุงู„ุญู…ุงุฏูŠ by NaranjCapital on TradingView.com

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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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