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Saudi Prime Trading Advice (B) | 02-Nov-2024 | Expected Gain 8%-12%

SHORT TERM TRADING ADVICE IN SAUDI ARABIA

 BUY   ACWA POWER (TADAWUL: 2082)

Tadawul 2082 : ACWA POWER - STOCK RECOMMENDATION

Idea BUY
Buy Range 365 – 375
Target 400 – 420
StopLoss* below 345
Duration 14-16 Trading Days
Potential Returns 8% – 12%
Idea Buy Range Target StopLoss* Duration Potential Returns
BUY 365 – 375 400 – 420 below 345 14-16 Trading Days 8% – 12%

* 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 2082 : ACWA POWER - STOCK OVERVIEW

ACWA Power Company, founded in 2004, is a Saudi Arabian company that invests, develops, and maintains power generation, water desalination, and green hydrogen production plants in the Kingdom of Saudi Arabia and internationally. The company also sells electricity, desalinated water, and green hydrogen, installs and maintains contracts, provides financial advisory, book-keeping, tax compliance, and reinsurance services, and generates renewable energy from photovoltaic, concentrated solar power, wind plants, and hydrogen sources. ACWA Power Company was formerly known as International Company for Water and Power Projects.

Stock Data
TADAWUL Code 2082
Sectoral Index Utilities
52 Weeks High 500.8
52 Weeks Low 220.96

Tadawul 2082 : ACWA POWER - RELATIVE STRENGTH

TADAWUL 2082 - ACWA POWER - RELATIVE STRENGTH

Relative Performance - Last 1 Year

ACWA POWER —     TASI —

Tadawul 2082 : ACWA POWER - TECHNICAL ANALYSIS (DAILY)

Tadawul 2082 : ACWA POWER - Technical Analysis (Daily)
  • The stock has been range-bound for a while, and after a sharp drop, it has pulled back to a key support level.
  • The price is now attempting to rebound, seeking to regain lost ground.

Tadawul 2082 : ACWA POWER - RSI

Tadawul 2082 : ACWA POWER - RSI
  • The RSI line has rebounded from oversold territory, generating a bullish signal and suggesting a possible buying opportunity.

Tadawul 2082 : ACWA POWER - Stochastic

TADAWUL 2082 - ACWA POWER - STOCHASTIC
Tadawul 2082 : ACWA POWER - Stochastic
  • A bullish signal is generated as the K line (blue) crosses over the D line (orange) from below, indicating a reversal from oversold conditions.

CONCLUSION - Tadawul 2082 : ACWA POWER STOCK PRICE FORECAST

Based on our stock trading advice in Saudi Arabia, ACWA POWER stock price target will be SAR 400 – SAR 420 in the next 14-16 trading sessions.

Tadawul 2082 : ACWA POWER - TRADINGVIEW POSITION UPDATE

ุงุดุชุฑ ุฃูƒูˆุง ุจุงูˆุฑ 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

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 
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