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Prime Trading Advice (C) | Expected Gain 7-11% | Naranj Capital

SHORT TERM TRADING ADVICE IN SAUDI ARABIA

 BUY   AYYAN Investment (TADAWUL: 2140)

Tadawul 2140 : AYYAN Investment - STOCK RECOMMENDATION

Idea BUY
Buy Range 27.5 – 28.5
Target 30.5 – 31.5
StopLoss* below 26.3
Duration 8-10 Trading Days
Potential Returns 7 – 11%
Idea Buy Range Target StopLoss* Duration Potential Returns
BUY 27.5 – 28.5 30.5 – 31.5 below 26.3 8-10 Trading Days 7 – 11%

* 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.

 Tradingview position update
 Stock advice on social media

Tadawul 2140 : AYYAN Investment - STOCK OVERVIEW

The Ayaan Investment Company’s objective is to invest in various development initiatives, encompassing both industrial and service sectors. These projects can be undertaken independently or in collaboration with local or international entities. The primary aims are as follows:
Actively contribute to the advancement of industrial development.
Promote import substitution and expand global market reach for products.
Establish new industries incorporating cutting-edge technology, either through sole ownership or partnership with international companies.
Develop projects that enhance the company’s assets and yield profitable returns on investment.
Foster the growth of skilled national professionals capable of assuming leadership roles.
Provide comprehensive support and advisory services to the factories and companies established by the company.

Stock Data
TADAWUL Code 2140
Sectoral Index Health Care Equipment & Service
52 Weeks High 29.2
52 Weeks Low 12.7

Tadawul 2140 : AYYAN Investment - RELATIVE STRENGTH

Tadawul 2140-Ayaan Investment Co.-Relative Strength

Relative Performance - Last 1 Year

AYYAN Investment —     TASI —

Tadawul 2140 : AYYAN Investment - TECHNICAL ANALYSIS (DAILY)

Tadawul 2140 : AYYAN Investment - Technical Analysis (Daily)
  •  The price was in a strong downtrend since June’23 and was forming Lower Highs and Lows.
  • A Rounding Bottom Pattern can be observed at the chart, in which the price had consolidated for a period.
  • Volume was completely dried out in this phase.
  • With a Ascending Triangle pattern price indicated the trend was going to change.
  • After the breakout of the Rounding Bottom pattern, price reached to 19 level and consolidated there for a while.
  • With a strong breakout price confirms that the consolidation phase is over.
  • After that, a sharp upmove has taken the price to the 27 level.
  • A bullish Pole and Flag pattern has been formed, which indicates that the trend will be continued.
  • Volume has also becomes very high in recent days.
  • With a fresh breakout price further moving upside.

Tadawul 2140 : AYYAN Investment - ADX & DI

Tadawul 2140-Ayaan Investment Co.-ADX & DI
Tadawul 2140 : AYYAN Investment - 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 2140 : AYYAN Investment - MACD

Tadawul 2140-Ayaan Investment Co.-MACD
Tadawul 2140 : AYYAN Investment - MACD
  • MACD line has just crossed the signal line from the below, generates bullish signal.

Tadawul 2140 : AYYAN Investment - Bollinger Bands

Tadawul 2140-Ayaan Investment Co.-Bollinger Bands
Tadawul 2140 : AYYAN Investment - Bollinger Bands
  • From Novโ€™23, price is continuously hugging the upper band and sometimes exceeded the upper band, which indicates the momentum is with the buyers.

Tadawul 2140 : AYYAN Investment : Riyad Bank STOCK PRICE FORECAST

Based on our stock trading advice in Saudi Arabia, AYYAN Investment stock price target will be SAR XX – SAR XX in the next 12-14 trading sessions.

Tadawul 2140 : AYYAN Investment - TRADINGVIEW POSITION UPDATE

ุงุดุชุฑ ุฃูŠุงู† by NaranjCapital on TradingView.com

Follow Tadawul 2140 : AYYAN Investment TRADING ADVICE On Social Media

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 (in SAR)

  • 15 advice         SAR 1500               --             SAR 1500
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