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 BUY   Tanmiah Food (TADAWUL: 2281)

Tadawul 2281 : Tanmiah Food - STOCK RECOMMENDATION

Idea BUY
Buy Range 135 – 137
Target 145 – 147
StopLoss* below 130
Duration 12-14 Trading Days
Potential Returns 6 – 7%
Idea Buy Range Target StopLoss* Duration Potential Returns
BUY 135 – 137 145 – 147 below 130 12-14 Trading Days 6 – 7%

* 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 2281 : Tanmiah Food - STOCK OVERVIEW

Tanmiah Food Company is a prominent company in the food and agricultural industry, operating in various countries such as the Kingdom of Saudi Arabia, United Arab Emirates, Bahrain, and other GCC countries. The company’s primary focus is on manufacturing, wholesaling, and retailing food products as well as their by-products. Tanmiah Food Company excels in the production and sale of fresh poultry, processing and manufacturing of processed poultry and other meat products, and the manufacturing and sale of animal feed. Additionally, the company offers broiler chicks, hatching eggs, animal health products, comprehensive turnkey poultry and green house projects, and poultry and green house equipment. With its headquarters in Riyadh, Saudi Arabia, Tanmiah Food Company is a leading player in the industry.

Stock Data
TADAWUL Code 2281
Sectoral Index Food & Beverages
52 Weeks High 148.2
52 Weeks Low 81.4

Tadawul 2281 : Tanmiah Food - RELATIVE STRENGTH

Tadawul 2281-Tanmiah Food Co.-Relative Strength

Relative Performance - Last 1 Year

Tanmiah Food —     TASI —

Tadawul 2281 : Tanmiah Food - TECHNICAL ANALYSIS (DAILY)

Tadawul 2281 : Tanmiah Food - Technical Analysis (Daily)
  • Previously the price was moving upside through a parallel channel.
  • Then the price started consolidating and formed a Rounding Bottom pattern.
  • After the breakout price gave a sharp rally to reach 138 level.
  • A Pole and Flag pattern can be observed at the chart which gave a positive signal.
  • With a strong breakout, price is moving further upside.
  • More upside move is possible if the price manages to hold this level.

Tadawul 2281 : Tanmiah Food - RSI

Tadawul 2281-Tanmiah Food Co.-RSI
Tadawul 2281 : Tanmiah Food - RSI
  • The current RSI of the stock is 79.56, shows strength of buyers. RSI line is also in a uptrend, which is very positive signal.

Tadawul 2281 : Tanmiah Food - MA Cross

Tadawul 2281-Tanmiah Food Co.-RSI
Tadawul 2281 : Tanmiah Food - 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 dayโ€™s candle has closed above all these moving averages. This suggests buyers are taking interest in this stock.

Tadawul 2281 : Tanmiah Food - ADX and DI

Tadawul 2281-Tanmiah Food Co.-ADX & DI
Tadawul 2281 : Tanmiah Food - ADX and 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.

CONCLUSION - Tadawul 2281 : Tanmiah Food STOCK PRICE FORECAST

Based on our stock trading advice in Saudi Arabia, Tanmiah Food stock price target will be SAR 145 – SAR 147 in the next 12-14 trading sessions.

Tadawul 2281 : Tanmiah Food - TRADINGVIEW POSITION UPDATE

Follow Tadawul 2281 : Tanmiah Food 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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