- Naranj Research Desk
- 🇸🇦 Saudi Stock Market
- 🇺🇸 USA Stock Market
The Saudi broad index (TASI) is currently trading above the 12,400 level, consolidating within a broadening pattern. The overall market sentiment is expected to remain positive as long as the index sustains above the 12,350 support level.
Furthermore, the chart indicates the formation of a reversal pattern, specifically an inverted head and shoulders, which reinforces the bullish outlook for the market.
However, it is crucial to acknowledge that ongoing geopolitical tensions could influence market sentiment, potentially leading to increased volatility. Investors should remain cautious and monitor these developments closely, as they may impact the market's direction in the near term.
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
