Gann Analysis for NATIONAL AGRICULTURAL DEVELOPMENT Co. (TADAWUL
1️⃣ Key Gann Levels Identified
The Gann levels shown in the chart act as support and resistance zones, where price movement often reacts. Below are the key levels:
Degree Price Level (SAR) Significance
720° 41.654 Major Resistance
630° 35.45 Strong Resistance
540° 29.746 Medium Resistance
450° 24.542 Current Level - Pivot Point
360° 19.838 Key Support
270° 15.634 Medium Support
180° 11.93 Strong Support
90° 8.726 Major Support
0° 6.022 Long-Term Base
2️⃣ Market Structure Analysis
✅ Recent Price Action:
The stock previously rallied strongly to 630° (35.45 SAR) but failed to sustain above it.
It has now retraced to 450° (24.542 SAR), which is a critical pivot level.
Price is trading near a support zone, making this an important level to watch.
3️⃣ Possible Future Scenarios
📈 Bullish Scenario (Price Moves Up)
🔹 If price holds above 450° (24.542 SAR) and forms a bullish structure:
✅ First target = 540° (29.746 SAR)
✅ Next target = 630° (35.45 SAR)
✅ Final bullish target = 720° (41.654 SAR)
🎯 Confirmation for bullish move:
Price closing above 540° (29.746 SAR) with strong volume.
RSI/MACD showing bullish divergence.
📉 Bearish Scenario (Price Drops)
🔻 If price breaks below 450° (24.542 SAR):
❌ Next support = 360° (19.838 SAR)
❌ Deeper support = 270° (15.634 SAR)
❌ Final major support = 180° (11.93 SAR)
⚠️ Warning Signs for a Bearish Move:
Weekly candle closes below 450° (24.542 SAR) with high volume.
Momentum indicators (RSI/MACD) turn negative.
4️⃣ Recommended Trading Strategy
✅ Long (Buy) Setup:
Buy near 450° (24.542 SAR) with stop-loss at 23.50 SAR.
Target = 540° (29.746 SAR) → 630° (35.45 SAR)
❌ Short (Sell) Setup:
If price breaks below 450°, short with target at 360° (19.838 SAR).
Stop-loss = 26 SAR (above recent highs).
Final Notes
⭐ 450° (24.542 SAR) is a key decision point.
⭐ Holding above it = bullish; breaking below it = bearish continuation.
⭐ Monitor price action & volume for confirmation.
you can request analysis for any stock
just write in comments,
wish you best of luck!
The Gann levels shown in the chart act as support and resistance zones, where price movement often reacts. Below are the key levels:
Degree Price Level (SAR) Significance
720° 41.654 Major Resistance
630° 35.45 Strong Resistance
540° 29.746 Medium Resistance
450° 24.542 Current Level - Pivot Point
360° 19.838 Key Support
270° 15.634 Medium Support
180° 11.93 Strong Support
90° 8.726 Major Support
0° 6.022 Long-Term Base
2️⃣ Market Structure Analysis
✅ Recent Price Action:
The stock previously rallied strongly to 630° (35.45 SAR) but failed to sustain above it.
It has now retraced to 450° (24.542 SAR), which is a critical pivot level.
Price is trading near a support zone, making this an important level to watch.
3️⃣ Possible Future Scenarios
📈 Bullish Scenario (Price Moves Up)
🔹 If price holds above 450° (24.542 SAR) and forms a bullish structure:
✅ First target = 540° (29.746 SAR)
✅ Next target = 630° (35.45 SAR)
✅ Final bullish target = 720° (41.654 SAR)
🎯 Confirmation for bullish move:
Price closing above 540° (29.746 SAR) with strong volume.
RSI/MACD showing bullish divergence.
📉 Bearish Scenario (Price Drops)
🔻 If price breaks below 450° (24.542 SAR):
❌ Next support = 360° (19.838 SAR)
❌ Deeper support = 270° (15.634 SAR)
❌ Final major support = 180° (11.93 SAR)
⚠️ Warning Signs for a Bearish Move:
Weekly candle closes below 450° (24.542 SAR) with high volume.
Momentum indicators (RSI/MACD) turn negative.
4️⃣ Recommended Trading Strategy
✅ Long (Buy) Setup:
Buy near 450° (24.542 SAR) with stop-loss at 23.50 SAR.
Target = 540° (29.746 SAR) → 630° (35.45 SAR)
❌ Short (Sell) Setup:
If price breaks below 450°, short with target at 360° (19.838 SAR).
Stop-loss = 26 SAR (above recent highs).
Final Notes
⭐ 450° (24.542 SAR) is a key decision point.
⭐ Holding above it = bullish; breaking below it = bearish continuation.
⭐ Monitor price action & volume for confirmation.
you can request analysis for any stock
just write in comments,
wish you best of luck!
Time is more important than price. When time is up price will reverse." – W. D.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Time is more important than price. When time is up price will reverse." – W. D.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.