- Naranj Research Desk
- 🇸🇦 Saudi Stock Market
- 🇺🇸 USA Stock Market
The Tadawul All Share Index (TASI) extended its gains for the fourth week in a row, closing just below the important resistance zone of 11,700–11,800.
However, the index now seems to be losing momentum, facing difficulty in breaking above this level. A short-term consolidation or pullback toward the 11,300–11,400 support zone looks likely before any strong upward move resumes.
In the coming week, the Saudi market may stay neutral to slightly bearish, with some volatility expected.
Traders should remain cautious and closely watch the price action near key support and resistance levels before entering new 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.
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
