- Naranj Research Desk
The Tadawul All Share Index (TASI) has confirmed a fresh breakout, signaling strong upward momentum and renewed investor optimism across the Saudi market.
However, the index now approaches a critical resistance zone between the 11,400 and 11,500 levels. A decisive break above this range will be essential for sustaining the bullish momentum and unlocking further upside potential.
Looking ahead, the overall outlook for the coming week remains neutral to bullish.
Traders and investors are advised to position themselves accordingly and monitor price action closely near the resistance zone.
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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