Buy Al-Omran Industrial Trading | Tadawul 4141 | 10-12% gain | Saudi stock trading picks on 29 Jan 2024

Stock Market

Tadawul, Saudi Arabia

Target hit. Trade closed.

ALOMRAN 4141

29 Jan 2024
18 Mar 2024
18 Mar 2024
34 days
Loss per
100,000 SAR
Stop-loss
42
Buy Advice
29 Jan 2024
43.5 – 44.5
Target 1
18 Mar 2024
48
Target 2
18 Mar 2024
48.5
Profit per
100,000 SAR
34 days
11,494
42
43.5 – 44.5
48
48.5
11,494
29 Jan 2024
18 Mar 2024
18 Mar 2024
34 days
Loss per
100,000 SAR
Stop-loss
42
Buy Advice
29 Jan 2024
43.5 – 44.5
Target 1
18 Mar 2024
48
Target 2
18 Mar 2024
48.5
Profit per
100,000 SAR
34 days
11,494
42
43.5 – 44.5
48
48.5
11,494
  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • Al-Omran Industrial Trading
  • 43.5 – 44.5
  • 48 – 48.5
  • Below 42
  • 10% - 11%
  • 15 - 16 Days
  • Buy Al-Omran Industrial Trading
  • Buy
    Range
    43.5 – 44.5
  • Target 48 – 48.5
  • Stoploss Below 42
  • Upside
    Potential
    10% - 11%
  • 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 4141 : Al-Omran Industrial Trading - Stock Overview

  • Tadawul code
  • Stock Name
  • Sector
  • 52 Weeks High
  • 52 Weeks Low
  • 4141
  • Alomran
  • Capital Goods
  • 49.91
  • 31
  • Tadawul code 4141
  • Stock Name Alomran
  • Sector Capital Goods
  • 52 Weeks High 49.91
  • 52 Weeks Low 31
  • Company profile

    Al Omran industrial and treading is a Saudi based company. It produces electrical appliances for the house, plastic, paper and cartons, wholesale and retail electrical products, purchasing and renting land. The company engages in the manufacture of a range of products like Storage and Warehouse Systems, Coolers, Coolers Flask, Washers Ordinary Basin, Air Conditioner Aspelet Unix and many more things.

  • Tadawul 4141 : Al-Omran Industrial Trading - Technical Analysis (Daily)

    Al-Omran Industrial Trading - Technical Analysis chart on Daily Price and Volume
    Al-Omran Industrial Trading - Technical Analysis chart on Daily Price and Volume

    • The stock had been maintaining a trendline resistance. But in Jan’24, this stock breaks its resistance level and sustaining above the previous resistance level.
    • The trading volume has been drastically changed in last few days, which indicates bulls are going to dominate bears and uplift the price range.
  • Tadawul 4141 : Al-Omran Industrial Trading - Fibonacci Retracement

    Al-Omran Industrial Trading stock analysis based on Fibonacci Retracement
    Al-Omran Industrial Trading - Fibonacci Retracement

    • The stock price took support exactly at the 38.2% Fibonacci retracement level and sustaining over it. It seems that the price will move upside.
    • If the stock somehow manages to break nearest resistance level at 48, then more upside move possible in upcoming days.
  • Conclusion - Tadawul 4141 : Al-Omran Industrial Trading Stock Price Forecast

    Based on our trading tips for Saudi Tadawul stocks, Al-Omran Industrial Trading stock price target will be SAR 48 - SAR 48.5 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.

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