- Naranj Research Desk
- 🇸🇦 Saudi Stock Market
- 🇺🇸 USA Stock Market
📉 Short-term Trend - Bullish
🔻 Overall Trend - Bearish.
➖ The chart displays a bearish Pole & Flag formation, indicating a negative market sentiment.
➖ If the index fall below the 11,750 level, a significant decline can be expected.
➖ Conversely, a breakthrough of the immediate resistance at 12,400 may trigger bullish momentum.
📉 Short-term Trend - Bullish
🔺 Overall Trend - Bullish
➖ The index has demonstrated a consistent uptrend, regularly achieving higher highs and lows. It is anticipated that this trend will continue.
📉 Short-term Trend - Bullish
🟰 Overall Trend - Neutral
➖ The index has successfully broken out of the descending parallel channel and is set for upward movement; however, it must contend with several resistance levels.
📉 Short-term Trend - Neutral
🟰 Overall Trend - Neutral
➖ The index is currently moving within a downward trending parallel channel and is trading just above the trendline support.
➖ A break below this support could result in a decline, while overcoming the immediate resistance around 7,500 may trigger an upward rally.
Arijit Banerjee CMT CFTe is a seasoned expert in the financial industry, boasting decades of experience in trading, investment, and wealth management. As the founder and chief strategist of Naranj Capital, he’s built a reputation for providing insightful research analysis to guide investment decisions.
Arijit’s credentials are impressive, holding both the Chartered Market Technician (CMT) and Certified Financial Technician (CFTe) designations. These certifications demonstrate his expertise in technical analysis and financial markets.
Through Naranj Capital, Arijit shares his market insights and research analysis, offering actionable advice for investors. His work is featured on platforms like TradingView, where he publishes detailed analysis and recommendations.
If you’re interested in learning more about Arijit’s work or Naranj Capital’s services, you can reach out to them directly through their website
