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Astra Industrial Group was founded in 1988 and its Headquartered in Riyadh, Saudi Arabia. The company engages in the production, marketing and distribution of medicine and Pharmaceutical products, polymer compounds, plastic additives, color concentrates and other plastic products.The group subsidiaries conduct their businesses inside and outside Kingdom of Saudi Arabia.
ASTRA INDUSTRIAL — TASI —
The current RSI of this stock is 63.64, which indicates strength.
Increasing ADX value above 20, indicated the strength of the trend, thereby uptrending ADX confirms the bullish or bearish supportive decisions. Along with the rising ADX, and the +DI is above (or crossing) -DI, indicates the long trades should be favoured.
From Nov’23 to Jan’24, price was continuously hugging its upper band. After a short downfall, price took support at the lower band and bounced back. Currently the price is trying to exceed the upper band, which shows the bullish sentiment.
Based on our Saudi stock recommendations, Astra Industrial Group stock price target will be SAR 144 - SAR 148 in the next 14-15 trading sessions.
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
