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The Tadawul All Share Index (TASI) opened the previous week with a sharp gap-down of over 400 points, registering a steep decline of nearly 4%. While the market staged an intraday rebound, overall sentiment remained fragile, and the index managed to close just above the key support level near 10,600.
From a technical standpoint, TASI has now entered the oversold territory, raising the probability of a short-term reversal. However, with the Israel–Iran conflict escalating further, we do not anticipate any clear upside trend in the coming week.
Volatility is expected to remain elevated, and sharp intraday swings are likely to persist. Traders and investors are advised to manage their positions cautiously and wait for stronger confirmation before taking directional bets.
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
