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Saudi Prime Trading Advice (C) | 02-Nov-2024 | Expected Gain 7%-9%

SHORT TERM TRADING ADVICE IN SAUDI ARABIA

 BUY   Rasan Information Technology (TADAWUL: 8313)

Tadawul 8313 : Rasan Information Technology - STOCK RECOMMENDATION

Idea BUY
Buy Range 72.5 – 75
Target 80 – 82
StopLoss* below 70
Duration 12-14 Trading Days
Potential Returns 7% – 9%
Idea Buy Range Target StopLoss* Duration Potential Returns
BUY 72.5 – 75 80 – 82 below 70 12-14 Trading Days 7% – 9%

* 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 8313 : Rasan Information Technology - STOCK OVERVIEW

Rasan Information Technology Company is a fintech firm offering insurance and financial services in Saudi Arabia. It operates Tameeni for comparing and purchasing insurance, Treza for motor leasing solutions, Awalmazad for online auto auctions of salvage and repossessed vehicles, RS for business intelligence and pricing models, and Warshti for car repairs. Additionally, it specializes in software design for computer systems and communication equipment, program and database development, vehicle auctioning, towing, storage, electronic publishing, online wholesale, and custom software solutions. Established in 2016, the company is headquartered in Riyadh.

Stock Data
TADAWUL Code 8313
Sectoral Index Insurance
52 Weeks High 84.3
52 Weeks Low 40.7

Tadawul 8313 : Rasan Information Technology - RELATIVE STRENGTH

TADAWUL 8313 - RASAN - RELATIVE STRENGTH

Relative Performance - Last 1 Year

RASAN —     TASI —

Tadawul 8313 : Rasan Information Technology - TECHNICAL ANALYSIS (DAILY)

TADAWUL 8313 - RASAN - DAILY TECHNICAL ANALYSIS
Tadawul 8313 : Rasan Information Technology - Technical Analysis (Daily)
  • Following an extended period of consolidation, the stock has formed a Rounding Bottom pattern.
  • The price broke out of this pattern, reaching a record high of 84.3 before retracing to the breakout point.
  • At present, the price is attempting to maintain its upward trajectory, targeting higher levels.

Tadawul 8313 : Rasan Information Technology - Stochastic

TADAWUL 8313 - RASAN - STOCHASTIC
Tadawul 8313 : Rasan Information Technology - 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.

Tadawul 8313 : Rasan Information Technology - ADX & DI

Tadawul 8313 : Rasan Information Technology - 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.

CONCLUSION - Tadawul 8313 : Rasan Information Technology STOCK PRICE FORECAST

Based on our stock trading advice in Saudi Arabia, Rasan Information Technology stock price target will be SAR 80 – SAR 82 in the next 12-14 trading sessions.

Tadawul 8313 : Rasan Information Technology - TRADINGVIEW POSITION UPDATE

ุงุดุชุฑ ุฑุณู† 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
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  • 15 advice                            SAR 1500
            --        
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     20% OFF 
  • 90 advice      SAR 9000     SAR 5850
     35% OFF 
  • 180 advice   SAR 18000   SAR 9000
     50% OFF 
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