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Saudi Prime Trading Advice (C) | 27-May-2024 | Expected Gain 9%-11%

SHORT TERM TRADING ADVICE IN SAUDI ARABIA

 BUY   Bupa Arabia for Cooperative Insurance (TADAWUL: 8210)

Tadawul 8210 : Bupa Arabia for Cooperative Insurance - STOCK RECOMMENDATION

Idea BUY
Buy Range 225 – 235
Target 255 – 260
StopLoss* below 217
Duration 14-15 Trading Days
Potential Returns 9% – 11%
Idea Buy Range Target StopLoss* Duration Potential Returns
BUY 225 – 235 255 – 260 below 217 14-15 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. Be assured such records are permanent and irreversible.

 Tradingview position update

Tadawul 8210 : Bupa Arabia for Cooperative Insurance - STOCK OVERVIEW

Bupa Arabia for Cooperative Insurance Company engages in insurance business in the Kingdom of Saudi Arabia. The company offers medical insurance products for families, household helpers, parents, and businesses. It also issues short-term insurance contracts for providing health care services. In addition, the company provides healthcare services, such as Tebrom and Rahatkom program services. The company was founded in 1997 and is headquartered in Jeddah, the Kingdom of Saudi Arabia.

Stock Data
TADAWUL Code 8210
Sectoral Index Insurance
52 Weeks High 284.6
52 Weeks Low 167

Tadawul 8210 : Bupa Arabia for Cooperative Insurance - RELATIVE STRENGTH

Tadawul 8210-Bupa Arabia For Cooperative Insurance-Relative Strength

Relative Performance - Last 1 Year

Bupa Arabia for Cooperative Insurance —     TASI —

Tadawul 8210 : Bupa Arabia for Cooperative Insurance - TECHNICAL ANALYSIS (DAILY)

Tadawul 8210-Bupa Arabia For Cooperative Insurance-Daily Technical Analysis
Tadawul 8210 : Bupa Arabia for Cooperative Insurance - Technical Analysis (Daily)
  • Overall the price is in an uptrend and consistently forming higher highs and lows.
  • Currently the price is trading near its trendline support level.
  • It is expected that the price may move upside from this level.

Tadawul 8210 : Bupa Arabia for Cooperative Insurance - Candlestick Pattern Analysis

Tadawul 8210-Bupa Arabia For Cooperative Insurance-Candlestick Pattern Analysis
Tadawul 8210 : Bupa Arabia for Cooperative Insurance - Candlestick Pattern Analysis
  • Different types of bullish candlestick pattern ( Bullish engulfing pattern, long wick bullish candle) has been formed at near the support level, which shows the strength of the buyers at the level.

Tadawul 8210 : Bupa Arabia for Cooperative Insurance - RSI

Tadawul 8210 : Bupa Arabia for Cooperative Insurance - RSI
Tadawul 8210 : Bupa Arabia for Cooperative Insurance - RSI

  • The RSI line is crossing the oversold line from the below, generates bullish signal. The current RSI of the stock is 45.82.

Tadawul 8210 : Bupa Arabia for Cooperative Insurance - Stochastic

Tadawul 8210-Bupa Arabia For Cooperative Insurance-Stochastic
Tadawul 8210 : Bupa Arabia for Cooperative Insurance - Stochastic
  • The K (Blue) line is crossing the D (Orange) line from the below, generates bullish signal.

CONCLUSION - Tadawul 8210 : Bupa Arabia for Cooperative Insurance STOCK PRICE FORECAST

Based on our stock trading advice in Saudi Arabia, Bupa Arabia for Cooperative Insurance stock price target will be SAR 255 – SAR 260 in the next 14-15 trading sessions.

Tadawul 8210 : Bupa Arabia for Cooperative Insurance - TRADINGVIEW POSITION UPDATE

ุงุดุชุฑ ุจูˆุจุง ุงู„ุนุฑุจูŠุฉ 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
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  • 15 advice                            SAR 1500
            --        
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     35% OFF 
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     50% OFF 
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