Prime Trading Advice (B) | Expected Gain 11-12% | Naranj Capital

 BUY   Sustained Infrastructure Holding (TADAWUL: 2190)

Tadawul 2190 : Sustained Infrastructure Holding - STOCK RECOMMENDATION

Idea BUY
Buy Range 32 – 33
Target 35.5 – 36
StopLoss* below 30.5
Duration 14 – 15 Trading Days
Potential Returns 11 – 12%
Idea Buy Range Target StopLoss* Duration Potential Returns
BUY 32 – 33 35.5 – 36 below 30.5 14 – 15 Trading Days 11 – 12%

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

Tadawul 2190 : Sustained Infrastructure Holding - STOCK OVERVIEW

The Sustained Infrastructure Holding is a Saudi Arab’s top static investor in ports, logistics, infrastructure and water solutions. This company also attempting to take part in planning and construction of Saudi Arabian kingdom’s future economy change. This organization offers logistical services for the petrochemical industry in addition to export, re-export, packaging and packaging  for all goods.

Stock Data
TADAWUL Code 2190
Sectoral Index Transportation
52 Weeks High 33.8
52 Weeks Low 21.14

Tadawul 2190 : Sustained Infrastructure Holding - TECHNICAL ANALYSIS (DAILY)

Tadawul 2190 - Sustained Infrastructure Holding - Technical Analysis (Daily)
  • In the daily chart, we can see that the stock had been consolidating inside a Rectangle/Box pattern from June’22 to March’23.
  • After a breakout with a significant volume, stock started moving upwards. Forming a Diamond pattern the stock continues its upmove.
  • We have seen a huge selling pressure at around 30-31 price level that the stock couldn’t manage to break it. With a Double top pattern the price came down at 23.
  • But in Nov’23 the stock has changed its trend by making ‘Higher Highs and Lows’ with a huge trading volume.
  • A bullish ‘Pole and Flag’ pattern has formed and with a fresh breakout at 30-31 level, the stock is sustaining over it. This shows the stock is in a mood to move upside.

CONCLUSION - Tadawul 2190 : Sustained Infrastructure Holding STOCK PRICE FORECAST

Based on our stock trading advice in Saudi Arabia, Sustained Infrastructure Holding stock price target will be SAR 35.5 – SAR 36 in the next 12-14 trading sessions.

Tadawul 2190 : Sustained Infrastructure Holding - TRADINGVIEW POSITION UPDATE

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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