Buy Naseej International Trading | Tadawul 1213 | 11-13% gain | KSA stock trading signal on 19 Feb 2024

Stock Market

Tadawul, Saudi Arabia

Target hit. Trade closed.

NASEEJ 1213

19 Feb 2024
20 Feb 2024
20 Feb 2024
2 days
Loss per
100,000 SAR
Stop-loss
61
Buy Advice
19 Feb 2024
63 – 65
Target 1
20 Feb 2024
70
Target 2
20 Feb 2024
71
Profit per
100,000 SAR
2 days
8,563
61
63 – 65
70
71
8,563
19 Feb 2024
20 Feb 2024
20 Feb 2024
2 days
Loss per
100,000 SAR
Stop-loss
61
Buy Advice
19 Feb 2024
63 – 65
Target 1
20 Feb 2024
70
Target 2
20 Feb 2024
71
Profit per
100,000 SAR
2 days
8,563
61
63 – 65
70
71
8,563
  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • Naseej International Trading
  • 63 – 65
  • 70 – 71
  • Below 61
  • 11% - 13%
  • 15 - 16 Days
  • Buy Naseej International Trading
  • Buy
    Range
    63 – 65
  • Target 70 – 71
  • Stoploss Below 61
  • Upside
    Potential
    11% - 13%
  • Trade
    Duration
    15 - 16 Days
  • * Once the first target hit, reset the StopLoss at your buying price.
    * Trade durations are approximate; actual holding period may vary.

    Tadawul 1213 : Naseej International Trading - Stock Overview

  • Tadawul code
  • Stock Name
  • Sector
  • 52 Weeks High
  • 52 Weeks Low
  • 1213
  • Naseej
  • Consumer Durables & Apparel
  • 66.4
  • 37.55
  • Tadawul code 1213
  • Stock Name Naseej
  • Sector Consumer Durables & Apparel
  • 52 Weeks High 66.4
  • 52 Weeks Low 37.55
  • Company profile

    Naseej International Trading company’s primary focus lies in the manufacturing, wholesale, and retail of various goods including carpets, rugs, floors, furniture, antiques, wooden and metal blinds, office furniture, kitchens, blankets, bedspreads, curtain fabrics, accessories, and artificial turf. To streamline its operations, the company is divided into three main activities: Industrial activity, Commercial activity, and Investment activity. The Industrial activity involves the production of various products, while the Commercial activity encompasses the wholesale and retail aspects of the company’s product offerings. Lastly, the Investment activity is responsible for engaging in investment activities. The company effectively distributes and sells its wide range of products both within the local market and beyond.

  • Tadawul 1213 : Naseej International Trading vs TASI - Relative Strength Comparison

    The image showcases Naseej International Trading's 1-year performance relative to TASI.
    Relative Performance - Last 1 Year
    NASEEJ —   TASI —

  • Tadawul 1213 : Naseej International Trading - Technical Analysis (Daily)

    Naseej International Trading - Technical Analysis chart on Daily Price and Volume
    Naseej International Trading - Technical Analysis chart on Daily Price and Volume

    • After a deep consolidation period, price started making Higher Highs and Lows in order to hold the uptrend.
    • An amazing price action pattern can be observed at the chart. Price came back to take retracement every time after breakout. This is a nature of a good stock.
    • Recently with a breakout of the Ascending Triangle pattern, price confirmed that upside move will be continued.
    • Volume has also became very high these days.

     

  • Tadawul 1213 : Naseej International Trading - RSI Indicator

    Naseej International Trading stock analysis based on RSI indicator
    Naseej International Trading - RSI indicator

    • Current RSI of this stock is 61.37, which indicates the strength of buyers.

  • Tadawul 1213 : Naseej International Trading - MA Crossover

    Naseej International Trading stock analysis based on MA Crossover
    Naseej International Trading - MA Crossover

    • The short length moving average (10 SMA) has crossed the long length moving average (20 SMA) from the below, generates bullish signal. Last day’s candle has closed above all these moving averages. This suggests buyers are taking interest in this stock.

  • Conclusion - Tadawul 1213 : Naseej International Trading Stock Price Forcast

    Based on our Trading Advice for Saudi Arabia Stock Market Tadawul, Naseej International Trading stock price target will be SAR 70 - SAR 71 in the next 15-16 trading sessions.

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    Details of Arijit Banerjee

    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