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SAZEW printed a bullish pennant pattern with no sign of divergence. A bullish trend continuation is expected, entry is suggested at 700 with the stop loss below previous lower high level at 650. Previous top of 782.50 considered as TP1 and after the break out it can leads towards the completion of pennant pattern, the price can projected towards 1,000.

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Analyzing the current chart, we observe the formation of a Flag pattern and currently it shows break out and retest from its flag. Initial target of the stock is around 74.50-75 and secondary target is around 78. In a long term, upon completion of the flag pattern, the price can reach to 88 level also. Use stop loss if it breaks 64.

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Upon analyzing the present chart, the emergence of an Inverted Head and Shoulders pattern is noted. Neckline of the pattern considered as resistance level. Upon sustaining above then completion of the pattern can be expected.

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The price action is trapped in a pennant, break above creates bullish momentum. Use stop loss to manage your risk.

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🚀 Stock Alert: SNBL 📈 Investment View: Technically Bullish 📈 🔍 Quick Info: 📈 Entry Range: 9.50 - 9.70 🎯 First Targets : 10.50 🎯 Second Targets : 11.70 ⚠ Stop Loss: 8.50 ⏳ Nature of Trade: Swing 📉 Risk Level: Medium ☪ Shariah Compliant: NO 💰 Dividend Paying: YES 📰 Technical View: The price pulled back from its trend line support and currently trading around 9.70....

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The Tadawul All Shares Index (TASI) concluded the previous week with notable performances across its key indices, experiencing a loss of 0.70%. This resulted in an accumulation of 85.97 points, settling the index at 12,198.44. Notably, the index has shown rejection from 12,883 which will acts as resistance for the upcoming session for the index. If this resistance...

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The price action is currently pulled back after making support of 20 level. Moreover, MACD indicator is trading below the zero line is cross over is observed. The pattern indicates bullish reversal. Initial resistance level lies around 24.60 and secondary resistance lies around 28.15. Use stop loss below the support level of 20 if it breaks

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The price action is currently near the test of ascending trend line after got rejection from 298.4 level where bearish divergence with RSI is observed and closes at 221.4 in the last trading session. Upon sustaining the trend line support price can pull back towards its resistance levels of 240. If it breaks down ward then further bearish momentum can be seen.

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DFML is currently exhibiting a bullish trend as observed on a weekly time frame. Should it sustain its position above 36, there is a potential for further upward movement, with potential resistance levels at 42 and subsequently 49.60.

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KOSM has given a breakout from its 200 day EMA in Nov'23 and currently trading above the said moving average considering uptrend in the price. Moving forward, 4.20 acts as support plus the test of 200 EMA, where price needs to sustain and a possible pull back can be expected. On the flip side, initial resistance lies around 5.20 and upon breaking out secondary...

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🚀 Stock Alert: PSO 📈 Investment View: Technically Bullish 📈 🔍 Quick Info: 📈 Buying Range : 183-184 🎯 First Target : 192 🎯 Second Target : 205 🎯 Third Target : 218 ⚠ Stop Loss: 173 ⏳ Nature of Trade: Mid Term 📉 Risk Level: Medium ☪ Shariah Compliant: YES 💰 Dividend Paying: YES 📰 Technical View: PSO displays a promising bullish pattern characterized by the...

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Presently, the price of the asset is on a downward trend, meaning it keeps making lower highs and lower lows after being stopped by a downward trend line. To switch to an upward trend, we need to see the price break above this trend line. The first level of support, where the price might bounce back up, is around 10.60. If it falls below that, the next support...

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🚀 Stock Alert: SHEL 📈 Investment View: Technically Bullish 📈 🔍 Quick Info: 📈 Buying Level: 147 🎯 First Targets : 157 🎯 Second Targets : 167 ⚠ Stop Loss: 142 ⏳ Nature of Trade: Mid Term 📉 Risk Level: Medium ☪ Shariah Compliant: YES 💰 Dividend Paying: NO 📰 Technical View: *SHEL* is currently pulled back from 200 day EMA overall momentum is bullish. Initial...

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ILP Short term analysis 4th April 2024 Buy at 73 with strict stop loss of 71 and profit targets at 77. TECH NOTE: ILP break out and retest from its trend line is observed on 4 hour chart. This pattern is bullish for its price action. Use stop loss if breaks 71 and do profit taking around 77.

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Break out from the trend line is observed in PPL, two step buying is recommended in this stock. Can be consider at current price around 113 and at the retest of the lower trend line around 107. Following are the resistance levels: R1: 120.90 R2: 127.80 R3: 137.90 Use stop loss if breaks previous low of 103.60.

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Saudi National Bank displays a promising bullish reversal pattern characterized by the formation of bullish flag pattern and divergence with RSI. Our plan entails accumulating the stock within the designated buy zone (37.50-37.70 range), while setting stop loss orders below the bottom of support around 36. Anticipation builds for a substantial surge in momentum...

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In the context of a cup and handle pattern, the cup materializes as the value of an asset undergoes an initial ascent, subsequently followed by a gradual descent, culminating in a rounded bottom reminiscent of a "U" shape. Presently, the price action is demonstrating the formation of such a "U" shape, with an anticipated completion near the 403.90 mark. Following...

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🚀 Stock Alert: NML 📈 Investment View: Technically Bullish 📈 🔍 Quick Info: 📈 Buy Level: 66 🎯 First Target: 70 🎯 Second Target: 73 ⚠ Stop Loss: 62.50 ⏳ Nature of Trade: Mid Term 📉 Risk Level: Medium ☪ Shariah Compliant: YES 💰 Dividend Paying: YES 📰 Technical View: Presently, NML has retracted from its upward trend line, culminating in a closing price of 66.07 in...