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Prime Trading Advice (C) | Expected Gain 10-11% | Naranj Capital

SHORT TERM TRADING ADVICE IN SAUDI ARABIA

 BUY   CHUBB Arabia Cooperative Insurance (TADAWUL: 8240)

Tadawul 8240 : CHUBB Arabia Cooperative Insurance - STOCK RECOMMENDATION

Idea BUY
Buy Range 39 – 40.2
Target 43.8 – 44.5
StopLoss* below 37.2
Duration 10-12 Trading Days
Potential Returns 10 – 11%
Idea Buy Range Target StopLoss* Duration Potential Returns
BUY 39 – 40.2 43.8 – 44.5 below 37.2 10-12 Trading Days 10 – 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 8240 : CHUBB Arabia Cooperative Insurance - STOCK OVERVIEW

Chubb Arabia Cooperative Insurance Co is a Saudi Arabia-based insurance provider serving clients in 54 countries and territories. Offering a range of insurance services, Chubb specializes in commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance, and life insurance. The company operates through distinct business divisions including Property insurance, Engineering, Motor insurance, Casualty, and Other classes. Property insurance covers fire, allied perils, and all property risks, while the Engineering segment offers coverage for Contractors All Risks (CAR), Erection All Risks (EAR), Machinery All Risks (MAR), and more. Motor insurance provides coverage for losses and liability pertaining to motor vehicles, excluding transport insurance. The Casualty segment covers areas such as loss of money, personal accidents, workmen’s compensation, travel, general third-party liability, and professional indemnity.

Stock Data
TADAWUL Code 8240
Sectoral Index Insurance
52 Weeks High 41
52 Weeks Low 16.4

Tadawul 8240 : CHUBB Arabia Cooperative Insurance - RELATIVE STRENGTH

Tadawul 8240-CHUBB Arabia Cooperative Insurance-Relative Strength

Relative Performance - Last 1 Year

CHUBB Arabia Cooperative Insurance —     TASI —

Tadawul 8240 : CHUBB Arabia Cooperative Insurance - TECHNICAL ANALYSIS (DAILY)

Tadawul 8240-CHUBB Arabia Cooperative Insurance-Daily Technical Analysis
Tadawul 8240 : CHUBB Arabia Cooperative Insurance - Technical Analysis (Daily)
  • Price was consolidating in a range for a while.
  • In this consolidation phase, a Rounding Bottom pattern has been formed.
  • After the breakout, price has given a sharp upside rally and made a high at 39 level.
  • From there a sharp downfall has also been seen which took the price down to 30.8 level.
  • Instead of falling downside further, price started moving upside.
  • A fresh breakout, of the Rounding Bottom pattern can be seen at the chart.
  • Volume has become very high in recent days.
  • We can expect a upside move further if the price manages to sustain the breakout level.

Tadawul 8240 : CHUBB Arabia Cooperative Insurance - RSI

Tadawul 8240 : CHUBB Arabia Cooperative Insurance - RSI

Current RSI of this stock is 61.37, which indicates the strength of buyers.

Tadawul 8240 : CHUBB Arabia Cooperative Insurance - MACD

Tadawul 8240-CHUBB Arabia Cooperative Insurance-MACD
Tadawul 8240 : CHUBB Arabia Cooperative Insurance - 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 8240 : CHUBB Arabia Cooperative Insurance - EMA CROSS

Tadawul 8240 : CHUBB Arabia Cooperative 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 dayโ€™s candle has closed above all these moving averages. This suggests buyers are taking interest in this stock.

CONCLUSION - Tadawul 8240 : CHUBB Arabia Cooperative Insurance STOCK PRICE FORECAST

Based on our stock trading advice in Saudi Arabia, CHUBB Arabia Cooperative Insurance stock price target will be SAR 43.8 – SAR 44.5 in the next 10-12 trading sessions.

Tadawul 8240 : CHUBB Arabia Cooperative Insurance - TRADINGVIEW POSITION UPDATE

ุงุดุชุฑ ุจุญุฑ ุงู„ุนุฑุจ by NaranjCapital on TradingView.com

Tadawul 8240 : CHUBB Arabia Cooperative Insurance 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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