Bearish Divergence on Daily TF but Bullish
However, Bullish Engulfer is expected On Weekly
basis if Closes above 111.50
Making HH HL on Daily TF
111 - 112 can be a Good Support area to
take Risk if we can see few Bullish Candles at
this level
100 can be the Stoploss level on Closing Basis
Though Bullish on All Time Frames,
Bearish Divergence on Monthly TF +
Double Bottom around 57 - 58 are
favoring Bears
However, Bullish Momentum will Only
be Continued if 58 - 59 is Sustained
if this last Monthly candle closes above
46.70 - 47, this would be a Perfect
Morning Star Formation (combination
of last 3 candles)
However, Double Bottom is around 42
and also 0.786 fib level of Entire Rally
Bullish Divergence is also being
created on Weekly basis; & appeared on
Daily TF
Bullish on All Time Frames
However, Needs to Break & Sustain 31 initially
33 & then 36 - 37 would be the Initial Resistance Points
and in a bit longer term, 46 can be witnessed
Weekly Support is around 74
Good Support around 73.50 - 74.20
If 73.70 is Sustained, we may witness 77 and then 79 initially
Stoploss should be around 72
On 1010 as you see on the chart we will have a hight probability to have an uptrend if only if we have the breakout with force the vwap and the resistance line by a big green candle follow by a large green volume.! Thanks!
Sell idea on 1180 as you see on the chart because we have the breakout with force the vwap indicator and also the breakout with force the support line.Thanks!
Supported by financial growth, the current target is 70SR
SAUDI ADVANCED INDUSTRIES CO. (2120) is growing its business and has invested in several startup companies that yielded great profits.
in 2023, made 148MM SAR net profits
in 2022, made 100MM SAR net profits
a growth by 48% in net profits.
In 2023, highest stock price was 50.1 SR
current price is 42.2SR
I...
Broke out it's cup and handle pattern and now in process of full-filling cup depth.
Now trading on bullish flag which will break at through it at 55 SR.
Full-filling Flag height will take us to 60 SR.
Full-filling flagpole height will take us to 67SR.
At 67 SR its cup depth will be full-filled and completed
Breaking through 67 SR will open for a new wave/rally...
Immediate Support lies around 12200 - 12380
However, Bearish Divergence on Daily TF
To Continue its Bullish Trend, 13100 should
be Crossed & Sustained
13400 & 13900 are next level Resistances
Remember, there is No Harm in Index as long
as it is Trading Above 11800
If this level is broken, Trend Reversal is Possible
