Prime Trading Advice (C) | Expected Gain 9-11% | Naranj Capital

 BUY   Walaa Cooperative Insurance (TADAWUL: 8060)

Tadawul 8060 : Walaa Cooperative Insurance - STOCK RECOMMENDATION

Idea BUY
Buy Range 28.4 – 28.9
Target 31.5 – 32
StopLoss* below 25.7
Duration 12-14 Trading Days
Potential Returns 9 – 11%
Idea Buy Range Target StopLoss* Duration Potential Returns
BUY 28.4 – 28.9 31.5 – 32 below 25.7 12-14 Trading Days 9 – 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.

Tadawul 8060 : Walaa Cooperative Insurance - STOCK OVERVIEW

Walaa Cooperative Insurance Company headquartered in Al-Khobar, Saudi Arabia operates as a joint-stock corporation offers cooperative insurance, reinsurance, and investment activities in various lines of business including motor, general, health, protection, and savings. In May 2017, the name of the company previously recognized as Saudi United Cooperative Insurance Company was altered to Walaa Cooperative Insurance Company. This company’s products include various insurance products such as property all-risk, fire and specified perils property damage, loss of business insurance, engineering insurance products like erection and construction all-risk, contractor’s plant and machinery/equipment insurance, machinery breakdown insurance (MBD), loss of profit following MBD, and deterioration of stock following MBD. Additionally, it offers motor insurance products including commercial and private motor comprehensive, and third party liability policies, marine insurance products like marine cargo and hull insurance policies, medical insurance, and miscellaneous accidents insurance products such as comprehensive general liability, professional indemnity, medical malpractice, directors and officers liability, security and private protection, fidelity guarantee, money, personal accident, workmen’s compensation and employers liability, travel, aviation hull, education, saving, critical illness, and other insurance products.

Stock Data
TADAWUL Code 8060
Sectoral Index Insurance
52 Weeks High 31.7
52 Weeks Low 14

Tadawul 8060 : Walaa Cooperative Insurance - RELATIVE STRENGTH

Tadawul 8060-Walaa Cooperative Insurance-Relative Strength

Relative Performance - Last 1 Year

Walaa Cooperative Insurance —     TASI —

Tadawul 8060 : Walaa Cooperative Insurance - TECHNICAL ANALYSIS (DAILY)

Tadawul 8060 : Walaa Cooperative Insurance - Technical Analysis (Daily)
  • In a deep consolidation phase, price has formed an Inverted Head & Shoulder pattern.
  • After the breakout of the pattern, price has given a huge upside rally which has taken the price to its All Time High.
  • After that, a sharp correction has been seen in the price.
  • At the moment, price is further moving upside after the range breakout.

Tadawul 8060 : Walaa Cooperative Insurance - RSI

Tadawul 8060-Walaa Cooperative Insurance-RSI
Tadawul 8060 : Walaa Cooperative Insurance - RSI
  • Current RSI of this stock is 62.55, which indicates the strength of buyers.

Tadawul 8060 : Walaa Cooperative Insurance - ADX & DI

Tadawul 8060 : Walaa Cooperative 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 8060 : Walaa Cooperative Insurance - OBV

Tadawul 8060 : Walaa Cooperative Insurance - OBV
  • The OBV line is moving in the same upward direction which means there is a positive sentiment in the market. Also the significant price up move accompanying with increasing OBV volume suggests strong buying pressure.

CONCLUSION - Tadawul 8060 : Walaa Cooperative Insurance STOCK PRICE FORECAST

Based on our stock trading advice in Saudi Arabia, Walaa Cooperative Insurance stock price target will be SAR 31.5 – SAR 32 in the next 12-14 trading sessions.

Tadawul 8060 : Walaa Cooperative Insurance - TRADINGVIEW POSITION UPDATE

Follow Tadawul 8060 : Walaa Cooperative Insurance TRADING ADVICE On Social Media


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.


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.


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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