Prime Trading Advice (B) | Expected Gain 5-6% | Naranj Capital

 BUY   Gulf Union Alahlia Insurance (TADAWUL: 8120)

Tadawul 8120 : Gulf Union Alahlia Insurance - STOCK RECOMMENDATION

Idea BUY
Buy Range 20.3 – 20.7
Target 21.75 – 22
StopLoss* below 19.9
Duration 8-10 Trading Days
Potential Returns 5 – 6%
Idea Buy Range Target StopLoss* Duration Potential Returns
BUY 20.3 – 20.7 21.75 – 22 below 19.9 8-10 Trading Days 5 – 6%

* 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 8120 : Gulf Union Alahlia Insurance - STOCK OVERVIEW

Gulf Union Alahlia Cooperative Insurance Company is headquartered in Damman, Saudi Arabia. This company specializes in offering insurance products and services. The company is divided into four segments: Medical, Motor, Property and Casualty, and Protections and Savings. Its range of products includes health insurance, property insurance, marine insurance, general accident insurance, third-party liability insurance, comprehensive insurance, fire insurance, household insurance, and more.

Stock Data
TADAWUL Code 8120
Sectoral Index Insurance
52 Weeks High 21.98
52 Weeks Low 8.55

Tadawul 8120 : Gulf Union Alahlia Insurance - RELATIVE STRENGTH

Tadawul 8120-Gulf Union Cooperative Insurance-Relative Strength

Relative Performance - Last 1 Year

Gulf Union Alahlia Insurance —     TASI —

Tadawul 8120 : Gulf Union Alahlia Insurance - TECHNICAL ANALYSIS (DAILY)

Tadawul 8120-Gulf Union Cooperative Insurance-Daily Technical Analysis
Tadawul 8120 : Gulf Union Alahlia Insurance - Technical Analysis (Daily)
  • After the breakout of the Ascending Triangle pattern, price reached to 14.7 level.
  • A correction in the price has been seen from that level.
  • During this period, price has formed a Rounding bottom pattern.
  • After the breakout, price was consolidating in a narrow range.
  • With a strong bullish candle, price broke out that range upside and gave a huge rally of almost 33.5%.
  • With a short pull back, price is moving further upwards.
  • Volume has also become very high, which suggests the buying pressure is coming from downside.

Tadawul 8120 : Gulf Union Alahlia Insurance - ADX & DI

Tadawul 8120 : Gulf Union Alahlia Insurance - ADX & DI

Increasing ADX value above 20, indicated the strength of the trend, thereby uptrending ADX confirms the bullish or bearish supportive decisions. Along with the rising ADX, and the +DI is above (or crossing) -DI, indicates the long trades should be favoured.

Tadawul 8120 : Gulf Union Alahlia Insurance - EMA Cross

Tadawul 8120-Gulf Union Cooperative Insurance-EMA Cross
Tadawul 8120 : Gulf Union Alahlia Insurance - EMA Cross

The short length exponential moving average (10 EMA) has crossed the long length moving average (20 EMA) from the below, generates bullish signal. Last day’s candle has closed above all these moving averages. This suggests buyers are taking interest in this stock.

Tadawul 8120 : Gulf Union Alahlia Insurance - RSI

Tadawul 8120-Gulf Union Cooperative Insurance-RSI
Tadawul 8120 : Gulf Union Alahlia Insurance - RSI

The current RSI of the stock is 66.54, shows strength of buyers. RSI line is also in a uptrend, which is very positive signal.

CONCLUSION - Tadawul 8120 : Gulf Union Alahlia Insurance STOCK PRICE FORECAST

Based on our stock trading advice in Saudi Arabia, Gulf Union Alahlia Insurance stock price target will be SAR 21.75 – SAR 22 in the next 8-10 trading sessions.

Tadawul 8120 : Gulf Union Alahlia Insurance - TRADINGVIEW POSITION UPDATE

Tadawul 8120 : Gulf Union Alahlia Insurance 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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