Morning Star Formation on Daily TF
Double Bottom to be around 29.50
Weekly Support is around 28.70 - 29
that needs to be sustained (in worst case)
Initially 30 should be Sustained
Stance: May Take Risk with a Stoploss of 28.50
on Closing basis
Still Bearish but..Though Still Bearish but,
Currently at Important Support level
Bullish Divergence on Daily TF is also observed
Stance: Not a Good Time to Book Loss!
Infact average or New entry is Recommended
with a Stoploss below 6 on Closing basis
4031THis Chart for study ICT and I still Learning, Maybe is it right and Maybe it is Wrong.
Alsalam 3Alikum, I hope you are fine.
This Highlighted many things and the major that is which High Liquidity and Resistance with old ORder Block 16 Apr ....
THis Chart for study ICT and I still Learning, Maybe is it right and Maybe it is Wrong.
1211 is making Good higher high and higher lowsSaudi Arabian Mining Co. (1211) is currently forming a pattern of higher highs and higher lows. It's presently positioned at a higher low, making it an opportune moment to enter the market at 51.8. There's potential to ride this trend until it reaches 57.
2223 | Saudi Aramco Base Oil CompanySaudi Aramco Base Oil Company is trading within a potential broadening wedge formation, with both the lower and upper ascending trendlines supporting the price. The immediate support zone represents an optimal buying area before the price advances towards the targeted 180 level. Short term approach can be consider initially around 152-153 and secondary approach around 165. The internal demand zone is identified around 143 as a favorable accumulation point. On the flip side, if the trend line breaks then more bearish momentum can be seen. Use stop loss below 140 to manage risk.
Double Top pattern in Tanmiah (Tadawul 2281)Bearish reversal pattern in Tanmiah (Tadawul 2281) observed with a double top pattern visible favorible for shorting.
Bearish on Shorter TFBearish on Shorter TF
but making an Ascending Triangle Formation
possible supports can be
around 11.30 - 11.70
Stoploss should be 9.90 (on closing basis)
Arabian Drilling potential reversalthere is a potential reversal expected around these prices.. I am in :)
for investors you may start collecting until 137.
Zamil Industrial Investment Co. (2240)ZAMIL shares have been reaching higher peaks, while the Commodity Channel Index indicator is showing diminishing highs, indicating a bearish divergence pattern on the weekly timeframe. This pattern suggests the beginning of a downward trend. Confirmation of this trend would occur if the price breaks below the support level of 23.70 SAR. Conversely, if the price manages to break and sustain above the resistance level of 28.50 SAR, the next resistance is expected around 32.10 SAR. It is advisable to consider taking a long position only after the breakout is confirmed, and to implement a stop-loss strategy to manage risk effectively.
Making HH HL on Weekly TF
Now should Cross 61 to continue this uptrend
Next resistance would be then around 72 - 73
initially
On the flip side, 53.50 - 54 may act as a Strong Support
Entry can be taken with a Stoploss of 49 on Closing basis
Trade WiselyBearish 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
Bearish Divergence on Monthly TFThough 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
Crossing & Sustaining 5.20 will make it more BullishStrong Support is around 4.60 - 5
Closing above this level would be
a positive sign
Golden Pocket Support Expected
Entry can be taken with a Stoploss of
137 on Closing basis
However, Closing above 139.60 - 140 is
a Positive Sign
144 is a Very Strong Resistance
Risk Averse Players may wait to
Cross & Sustain 144; Next Important
Resistance is around 147
Bullish on Monthly TF
May Take Support around 216 - 217
However, Bearish Divergence on Weekly TF
weakens its Entry here
Those who Understand Technical Moves,
please note that, Initially 224 - 225 should
be Crossed & Sustained for Immediate Target
around 234 - 235
Stoploss should be 198 on Closing basis
The Stock is in Downtrend so far till it Crosses 22
However, Closing above 19 can be a
positive sign
19.40 - 19.50 is the Initial Resistance
Sustaining this level will lead it to
21 - 22.
Next Strong Resistance will be around 24 - 25
Bullish Divergence on Daily TFthough Not Yet Bullish but Bullish
Divergence on Daily TF
a perfect 23.60% Support around 12.50
Double Bottom formation is expected at
same level around 12.40 - 12.50
3007 Zahrat ALWAHA D1 - 23/4/2024 (TASI Market)3007 Zahrat ALWAHA D1 - 23/4/2024 (TASI Market).
Trend Analysis
Elliott Wave
Harmonic Patterns
Regards
Bullish Divergence on Weekly TF
If 36 - 36.50 is Sustained on Weekly Basis,
we may witness further Upside
Around 39.50 - 40 is the initial resistance
then Crossing & Sustaining 42 - 43, may lead
it towards 45 - 46 (Near Double Top)
There we would see if Bearish Divergences
will be formed, we will book our Profits
3090_Tabuk Cement_TadawulScript currently in non-trending zone and continuously bouncing back from the resistance levels.
we have plot important support and resistance levels for this script and provide TP and SL considering the support and resistance levels.
#DYOR_NFA (Do your own research as well) _Non-Financial Advice.
A technical look at the price of Saudi Arabian oil 2222The coming period may witness a decrease in demand for Saudi oil , which may lead to a decrease in its price.
It is expected to visit the area highlighted in white and visit the numbers shown.
TADAWUL:2222
Bullish Divergence on Daily TF
H&S Pattern observed
Crossing 13.50 will lead it towards 14.18 initially
then 15 - 15.45
Stoploss must be 12.90 (on closing basis) in this case
