National Industrialization Company SJSC (2060)Hello traders,
It's time to be looking for industrial stocks.
technically it targets 10.6 and 11.6
Good Luck for you all
2060 trade ideas
2060 Al Tasni Company Summary
2060 Al Tasni Company, currently priced at SAR 11.40, operates in the petrochemical manufacturing sector. The stock is forming a price range between SAR 11.10 and SAR 11.60, presenting a potential entry point for investors.
With a 52-week range of SAR 10.40 to SAR 15.50, the company has shown volatility influenced by market trends.
It maintains a robust balance sheet with healthy cash reserves and manageable debt. Recent financial results indicate consistent revenue and profitability.
Analysts rate the stock as a "Buy," with a 12-month price target of SAR 14.00 to 17.
A Key growth drivers include expansion plans, new product lines, and strategic partnerships. Investors should monitor global oil prices and regulatory changes in Saudi Arabia, while considering a stop loss at SAR 10 to manage risk.
Buy 2060National Industrialization 2060 is today's trading session and is down slightly by 0.23% at 17.10 levels so far.
Technically, the ascending trend has been tested for a few days, forming two consecutive floors, unable to break it as a support level and rising to current levels while remaining calm until it gathers momentum to test the resistance level represented by the bearish trend.
Buy recommendation at current levels is 17.14 and it is correct to buy even within the 17.20 - 16.90 levels with the purchase strengthening at every drop until 17.00 levels
The target is 19.00 - 19.20
Stop loss at 15.60
