Overview:
TNBI, the Tadawul National Bank Index, serves as a vital barometer for the performance of the banking sector in Saudi Arabia. It comprises a selection of leading banks listed on the Tadawul stock exchange. Analyzing TNBI can provide valuable insights into the health and trajectory of the Saudi Arabian banking industry.
One significant factor to...
Show some strong signs:
1- Break and hold 200 moving average
2- support hold at 9993 level
price maybe back to 200 MA then continue
target will be:
TP1: 12504 level
Banks Has good weightage in TASI and thus following the similar behavior as TASI
Beautifully following Falling Wedge Pattern.
Bearish Until End of Nov
Short Bullish retracement within Falling wedge is expected by End of November Until top of falling wedge.
Watch individiual stocks
Trade with Stop Loss
