- Naranj Research Desk
- 🇸🇦 Saudi Stock Market
- 🇺🇸 USA Stock Market
On the surface, the week looked positive.
A small gain. A steady close.
But underneath, the story may be changing.
The Tadawul All Share Index ended last week at 11,187, up just 0.7%. Not a big move, but enough to keep the optimism alive.
And that’s where the concern begins.
On the broader view, it is still moving within a falling structure, which means the upside may not be as easy as it looks.
On the daily timeframe, a Head and Shoulder pattern is starting to form.
👉 It is a structure that often appears before a drop
The key level here is the neckline.
If the market slips below that level and holds there, it could open the door for a deeper decline.
Even if the market tries to bounce, there’s a strong barrier near 11700-11,800.
That means:
This is not a comfortable buying zone.
because the risk is rising quietly.
The smarter approach right now:
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
