- Naranj Research Desk
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After a strong upside rally for three straight weeks, the Tadawul All Share Index (TASI) is finally taking a breather.
Last week, the index moved in a neutral range, exactly as expected.
As discussed in our previous weekly outlook, a pullback toward the 11,000 zone was likely—and TASI played out that script perfectly. The index bounced from near 11,000, but the momentum now looks weak, with the last trading session showing mild corrective pressure.
Key Levels to Watch
For now, no major directional move is expected as long as the index remains inside this range.
Trader’s Note
With the index is likely to stay range-bound between 11,000 and 11,800, aggressive trades are best avoided. Focus on buying near support, booking profits near resistance. Wait for a clear breakout before taking directional positions.
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.
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