- Naranj Research Desk
- 🇸🇦 Saudi Stock Market
- 🇺🇸 USA Stock Market
Tadawul all share index (TASI) ended last week on a calm note, inching up 0.32% to close at 10,527. Price action remains tight—but the structure is quietly improving.
On the daily chart, TASI has carved out a double bottom near the key support zone, hinting at a potential trend reversal once the neckline is cleared.
Key levels to watch
Outlook
With the last week of the year approaching, Saudi market is likely to stay muted. A meaningful move may only come after a clear breakout or breakdown from these levels.
Strategy
Stay selective. Focus on technically strong stocks showing rebounds from support—they could lead if the index turns higher.
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
