NaranjCapital

NaranjCapital

(1) We have witnessed a sharp fall from 29,500 level in Feb’20. This was almost 38% fall from the top. Market had gone in a oversold zone. (2) Around 18,300 level, price found a support and bounced back from this level. (3) With an upside rally, price managed to breakout its previous resistance. (4) After the breakout, we have seen a sharp upside rally further...

NaranjCapital

(1) In hourly time frame, we can observe that the price was moving through a parallel channel in upward direction. (2) From upside, 18,400 level is performing as a strong resistance and the price couldn’t sustain above this level. (3) 17,800 level is an immediate support for the price as the price has taken support in here for multiple times. (4) Recently with...

NaranjCapital

Short Term Trading Advice by Naranj Capital Buy Qualcomm ● Buy Range- 168 - 171 ● Target- 179 - 181 ● StopLoss- 163 ● Potential Return- 5-6% ● Duration- 14-15 Trading Days

NaranjCapital

Short Term Trading Advice by Naranj Capital Buy Murphy USA ● Buy Range- 420 - 426 ● Target- 446 - 450 ● StopLoss- 410 ● Potential Return- 5-6% ● Duration- 14-15 Trading Days

NaranjCapital Updated 

Tadawul All Share Index (TADAWUL:TASI) 1) In the day chart we noticed that the Tadawul All Share Index has formed a head and shoulder pattern from April 2023 - September 2023 and a obvious neckline breakout marks the end of the H&S pattern. 2) At the end of H&S pattern we noticed a big red candle closed at 50% into the body of the previous green candle....