- Naranj Research Desk
- 🇸🇦 Saudi Stock Market
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The TASI closed the week on a positive note, advancing by approximately 1.6%.
The index is now approaching its short-term trendline resistance, where it may encounter selling pressure and face a potential pullback. A decisive breakout above this level, followed by sustained trading above 12,100, would be necessary to confirm a short-term bullish trend.
Given the current technical setup, the market is expected to remain volatile in the upcoming week, with no significant movement anticipated in either direction.
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
