Prime Trading Advice (C) | Expected Gain 6-8% | Naranj Capital

 BUY   Saudi Dairy & Foodstuff Company (TADAWUL: 2270)

Tadawul 2270 : Saudi Dairy & Foodstuff Company - STOCK RECOMMENDATION

Idea BUY
Buy Range 390 – 400
Target 425 – 430
StopLoss* below 370
Duration 14-15 Trading Days
Potential Returns 6 – 8%
Idea Buy Range Target StopLoss* Duration Potential Returns
BUY 390 – 400 425 – 430 below 370 14-15 Trading Days 6 – 8%

* 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 2270 : Saudi Dairy & Foodstuff Company - STOCK OVERVIEW

SADAFCO, a prominent food manufacturer, vendor, and distributor headquartered in Jeddah, Saudi Arabia, has established itself as a frontrunner in the industry throughout the Middle East region. The company is involved in manufacturing and delivering dairy items, beverages, and a variety of food products. Their product line comprises unflavored and flavored milk, cheese, cream, ice cream, butter, French fries, snacks, and tomato-based goods. Renowned for its flagship brand Saudia, the company has garnered market leadership in Saudi Arabia specifically in the sectors of Long Life Milk, Tomato Paste, and Ice Cream.

Stock Data
TADAWUL Code 2270
Sectoral Index Food & Beverages
52 Weeks High 407
52 Weeks Low 232

Tadawul 2270 : Saudi Dairy & Foodstuff Company - RELATIVE STRENGTH

Tadawul 2270-Saudia Diary and Foodstuff Company-Relative Strength

Relative Performance - Last 1 Year

Saudi Dairy & Foodstuff Company —     TASI —

Tadawul 2270 : Saudi Dairy & Foodstuff Company - TECHNICAL ANALYSIS (DAILY)

Tadawul 2270-Saudia Diary and Foodstuff Company-Daily Technical Analysis
Tadawul 2270 : Saudi Dairy & Foodstuff Company - Technical Analysis (Daily)
  • Previously price was in an uptrend and reached to 375 level.
  • Instead of going further upside, price started making Lower Highs and Lows.
  • With the breakout of the resistance zone, price indicated that the downtrend journey is over.
  • After a short consolidation period, price moved upside and reached at 400 level.
  • From there a short pull back in price has been seen.
  • Price got bounced from the support level and with a strong bullish candle price successfully broke out the resistance.
  • We can expect an upside move if the price manages to sustain the level.

Tadawul 2270 : Saudi Dairy & Foodstuff Company - MACD

Tadawul 2270-Saudia Diary and Foodstuff Company-MACD
Tadawul 2270 : Saudi Dairy & Foodstuff Company - MACD

MACD line has just crossed the signal line from the below and a positive histogram chart is forming. This can be considered as a bullish signal.

Tadawul 2270 : Saudi Dairy & Foodstuff Company - MA Cross

Tadawul 2270-Saudia Diary and Foodstuff Company-MA CrossTadawul 2270-Saudia Diary and Foodstuff Company-MA Cross
Tadawul 2270 : Saudi Dairy & Foodstuff Company - MA Cross

The short length moving average (10 SMA) has crossed the long length moving average (20 SMA) 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 2270 : Saudi Dairy & Foodstuff Company - RSI

Tadawul 2270-Saudia Diary and Foodstuff Company-RSI
Tadawul 2270 : Saudi Dairy & Foodstuff Company - RSI

Current RSI of this stock is 66.18, which indicates the strength of buyers.

CONCLUSION - Tadawul 2270 : Saudi Dairy & Foodstuff Company STOCK PRICE FORECAST

Based on our stock trading advice in Saudi Arabia, Saudi Dairy & Foodstuff Company stock price target will be SAR 425 – SAR 430 in the next 14-15 trading sessions.

Tadawul 2270 : Saudi Dairy & Foodstuff Company - TRADINGVIEW POSITION UPDATE

Tadawul 2270 : Saudi Dairy & Foodstuff Company 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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