Qatar Continues Bull Run: Rising 30 Days in a Row

Naranj Capital Research Desk
July 17, 2024

GNRI experienced a significant correction previously.
After finding support around 9,320, GNRI began to rise.
The index consolidated for some time and created a Head & Shoulder pattern.
Once the pattern broke, GNRI entered a downtrend, reaching the support area near 9,300.
A hammer candle formed at the support, signaling bullish sentiment.
Subsequently, the index started to climb and broke through the resistance level.
The next potential resistance levels are at 10,500 and 10,830.

0 0 votes

Article Rating

Subscribe

0 Comments

Join Our Telegram Channel for Saudi Stock Market Update

Recent Articles

TASI Breaks Support. Is More Weakness Ahead?

Naranj Research Desk
Jul 5, 2026

TASI Just Had Its Worst Week in a Month. What Happens Next

Naranj Research Desk
Jun 28, 2026

TASI Is Climbing. But Has Anything Really Changed?

Naranj Research Desk
Jun 21, 2026

TASI Stays Range-Bound, Awaiting Its Next Move

Naranj Research Desk
Jun 14, 2026

TASI Still Lacks Direction. And That Could Be Risky

Naranj Research Desk
Jun 7, 2026

TASI Returns After Eid. A Crucial Week Begins

Naranj Research Desk
May 31, 2026

Join Our Telegram Channel for USA Stock Analysis Update

Saudi Stock Analysis

TASI Is at a Decision Point: 11,000 Holds the Key

Naranj Research Desk
Aug 16, 2026

Tadawul trade advice (A): Saudi material stock | 5-7% target | KSA stock trading signal on 10 Aug 2026

Naranj Research Desk
Aug 10, 2026

TASI Just Bounced From a Key Support. Is the Recovery Beginning?

Naranj Research Desk
Aug 9, 2026

Tadawul trade advice (B): Saudi software & services stock | 8-10% gain | KSA stock trading idea on 3 Aug 2026

Naranj Research Desk
Aug 3, 2026

Tadawul trade advice (A): Saudi capital goods stock | 5-8% gain | KSA stock trading signal on 3 Aug 2026

Naranj Research Desk
Aug 3, 2026

TASI Finally Bounces. Recovery or Just a Temporary Pause?

Naranj Research Desk
Aug 2, 2026

Join Our Telegram Channel