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Naqi Water Company, headquartered in Unaizah, Saudi Arabia, is engaged in the production and bottling of pristine filtered water. With a strong foothold in the Saudi Arabian market, the company effectively operates in two key segments: Wholesale and Retail. In addition to its core business of producing pure filtered water, Naqi Water Company also engages in the wholesale distribution of bottled water, soft drinks, and juices. Furthermore, the company caters to the retail market by offering a wide range of beverages in specialized stores. Naqi Water Company covers a vast geographical area, serving customers in the South, East, North, West, and Central regions of Saudi Arabia, while also expanding its reach through export sales. Founded in 2014, Naqi Water Company has established itself as a trusted name in the industry, providing high-quality products to satisfy the discerning needs of consumers.
NAQI — TASI —
MACD line has just crossed the signal line from the below and a positive histogram chart is forming. This can be considered as a bullish signal.
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.
Based on our Saudi stocks trading calls, Naqi Water stock price target will be SAR 84 - SAR 86 in the next 15-16 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
