ARAMCO is BullishPrice is in a strong downtrend printing lower lows and lower highs continuously. However, the eight month long trendline seems to be breaking. Moreover, accumulation at current levels is also an indication that bulls are trying to assume control of the price action. If previous lower high is broken with good volume then we can expect a bullish reversal as per Dow theory. Targets are mentioned on the chart.
Stock is in DownTrend but ..4013 CMP 254.20 (15-06-2025)
Stock is in DownTrend but it Beautifully hit Channel
Bottom & Bounced.
Currently at a Good Support level.
Now the Immediate Resistance is around 256 - 257
& then around 270.
Crossing this level & Sustaining on Monthly basis would
lead it towards 283 - 285 initially.
However, should not break 253 - 254.
Though Bearish in Trend, but ..
Closed at 23.38 (03-06-2025)
Though Bearish in Trend, but Strong
Bullish Divergence appearing.
Currently at Important Support level.
Very near Stoploss level; around 23.20
on Closing basis.
If this level is not broken, we may
witness reversal towards 24 & then around
25 - 27.
Bullish divergence on daily tf.
Closed at 26 (03-06-2025)
Bullish divergence on daily tf.
Weekly closing above 26.40 - 27 would
be a positive sign.
If this resistance is crossed with good
volumes, we may witness 29 - 30 initially.
On the flip side, closing below 23.70 would
bring more selling pressure.
6001:HALWANI BROS. AT IMPORTANT PRICE LEVEL6001: HALWANI BROS is currently at an important price level in the weekly timeframe.
The price range of 43.2-42.9 (fib level of 0.786) has historically been tested 2 times earlier as well. Phenomenal bounce in price can be observed whenever price reached at this level.
Also note that RSI indicator is heading towards oversold range (less than 30) same as recorded on 11th Dec 2022 and 29th Oct 2023.
Hope the price does the same this time around.
Best of Luck!!
Bullish Flag Pattern on Bigger tf + Bullish Divergence
Closed at 60.50 (02-06-2025)
Bullish Flag Pattern on Bigger tf + Bullish Divergence
is there.
54.50 - 62.50 is an Important Support
Zone. If this level is Sustained, we may
witness further upside towards 70-71.
A very Important Resistance Level is around 90-92
which if Crossed with Good Volumes, may expose
new highs.
On the flip side, breaking 51 may bring more selling
pressure.
1150 IS PUSHING LOWERBack in January, I posted to buy 1150, but the market managed to take the opposite direction tp come lower and lower due to the conditions we currently have.
Now the price is pushing towards the level 24.24, we'll see how it will act around the level, but probably it will break through it and reach the next level at 21.92.
So for now don't buy anything on 1150.
Meanwhile, there's a golden opportunity for those who wants to learn how to trade Saudi Market, since it is in a level where you have all the possible configuration you'll face while running low.
Let me know if you got further questions!
2010 WILL GO FURTHER LOWER2 Months ago, I posted that 2010 will go lower but some of you didn'tlisted and contacted me saying that it won't. As usual, time proves who's right and who's wrong.
Now as you can notice on the chart, the price reached the point I told you and went further lower, now we're looking for it to reach 49.60.
DON'T BUY FOR NOW!
Meanwhile, there's a golden opportunity for those who wants to learn how to trade Saudi Market, since it is in a level where you have all the possible configuration you'll face while running low.
Let me know if you got further questions!
A TRADE WE'RE HOLDING We've been holding this trade on 2040 for a month now in which we're doing great so far despite the Market slow movement.
The entry on this trade is based on liquidity and market gaps in case you wondered!
Meanwhile, there's a golden opportunity for those who wants to learn how to trade Saudi Market, since it is in a level where you have all the possible configuration you'll face while running low.
Let me know if you got further questions!
1120 IS GOING TOWARDS 82.6AL Rajhi is one of the stocks most of people buy,
I have read in a group yesterday that it's a golden oppoertunity to buy it now, but if we have a look at the chart, we'll see the opposite, the price just made a reversal as you can see, now it is heading towards 82.6 AT LEAST , don't rush and buy it, instead wait for the oprimal entry to take.
Meanwhile, there's a golden opportunity for those who wants to learn how to trade Saudi Market, since it is in a level where you have all the possible configuration you'll face while running low.
Let me know if you got further questions!
A TRADE I SHARED WITH MY CLIENTSI'm sharing with you this trade I gave to my clients which is still at the red side, we entered based on lots of criteria and we're waiting for the market now to do its job.
Note:
Tha market is slow and running low since we all know TASI is coming lower and lower, for now we could catch the 3 trades we have on Saudi Market, we'll hold them for the couple next months.
Meanwhile, there's a golden opportunity for those who wants to learn how to trade Saudi Market, since it is in a level where you have all the possible configuration you'll face while running low.
Let me know if you got further questions!