- Naranj Research Desk
- 🇸🇦 Saudi Stock Market
- 🇺🇸 USA Stock Market
Astra Industrial Group is headquartered in Riyadh, Saudi Arabia. The company engages in the production, marketing and distribution of medicine and pharmaceutical products, polymer compounds, plastic additives, color concentrates and other plastic products, pre-engineered steel buildings and steel structures in Saudi Arabia and abroad. Astra Industries focuses on three areas of activities in energy sector; power generation, distribution and substations and power rental.
Astra Farms is engaged in production of fruits, vegetables, flowers, quails, poultry, dairy and processed food.
Astra Grains: primarily located in Jeddah and is engaged in the general trading of food commodities, such as nuts, pulses, spices, edible oils, coffee, rice and more.
Astra Commercial: serves the North Western part of Saudi Arabia. This branch is engaged in the retail and wholesale business of grocery items, bakery, gas station. Apart from these Astra Industries also engaged in the services of mining, financial services and investment, education & healthcare, real estate and hospitality, media and telecommunication.
The group subsidiaries conduct their businesses inside and outside Kingdom of Saudi Arabia.
Astra Industrial — TASI —
Current RSI of this stock is 60.93, which indicates the strength of buyers.
The short length exponential moving average (10 EMA) has crossed the long length exponential moving average (20 EMA) from the below, generates bullish signal. Last day’s candle has closed above all these moving averages. This suggests buyers are taking interest in this stock.
MACD line has just crossed the signal line from the below, generates bullish signal.
Based on our advice, Astra Industrial may rise to SAR 190 to SAR 192 in the next 12 to 14 trading sessions, creating an opportunity to profit by trading KSA stocks.
MONEY MANAGEMENT AND TRADING RULES
● Buy within the recommended price range.
● No need to rush. The recommendation remains valid for up to 7 days, not just at the market open.
● Always respect the stop-loss. It defines your risk on the trade.
● Once the trade moves in your favour, use a trailing stop-loss to protect and lock in profits.
● Spread your trading capital across our other recommended stocks instead of putting it all into one trade.
● Invest responsibly. Your ideal position size should be based on the downside risk of this trade, not the potential upside. Before entering, assess how much loss you can comfortably and financially absorb if it goes against you, and set your position size accordingly. Hedge positions where appropriate.
ANALYST SUMMARY
This research is prepared by the Naranj Capital research team under the guidance of Arijit Banerjee, CMT, CFTe, Founder and Director of Naranj Capital. Stock selection and all trade levels, including the buy range, targets and stop-loss, are personally finalised by him.
Arijit is a veteran trader and active investor with over 16 years of experience across global markets. He has in-depth expertise in financial market research, advanced technical analysis, market cycles, algorithmic trading and portfolio management. He is a Chartered Market Technician (CMT), accredited by the CMT Association, USA, the leading global authority on technical analysis. He also holds the Certified Financial Technician (CFTe) designation from the International Federation of Technical Analysts (IFTA).
The views expressed herein are based on publicly available information, internal research and other sources believed to be reliable, but not necessarily all-inclusive and not guaranteed as to accuracy. The recommendations provided herein are 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. Past performance is not indicative of future results. To read the full disclosure, please click here.
