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

 BUY   Qassim Cement (TADAWUL: 3040)

Qassim Cement - STOCK RECOMMENDATION

Idea BUY
Buy Range 71.5 – 72.5
Target 76 – 78
StopLoss* below 69.5
Duration 12 – 14 Trading Days
Potential Returns 7 – 9%
Idea Buy Range Target StopLoss* Duration Potential Returns
BUY 71.5 – 72.5 76 – 78 below 69.5 12 – 14 Trading Days 7 – 9%

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

Qassim Cement - COMPANY OVERVIEW

The Qassim Cement Company (QCC) holds a top ranking position in the production and marketing of cement in the Kingdom of Saudi Arabia and the Middle East . Its products include ordinary portland cement, portland cement, sulphate resistant cement, and finishing cement. It’s headquarter is in Buraydah, Saudi Arabia.

Qassim Cement - STOCK INFORMATION

Stock Data
TADAWUL Code 3040
Sectoral Index Materials
52 Weeks High 82.3
52 Weeks Low 55.6
Relative Performance_Qassim Cement vs TASI
Relative Performance_Qassim Cement vs TASI

CONCLUSION - Qassim Cement STOCK PRICE FORECAST

Based on our swing stock trading advice in Saudi Arabia, Qassim Cement share price target will be 76 – 78 in the next 12-14 trading sessions.

Qassim Cement- TRADINGVIEW POSITION UPDATE

اشتر مجموعة الحكير by NaranjCapital on TradingView.com

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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