Halwani Brothers Analysis of TADAWUL:6001 by alorabyakram2030 — TradingView

Classic analysis (structure & trend)

General trend: The stock is currently in an upward trend in the short to medium term and has successfully formed rising highs and rising lows.

Support and Resistance: * Current Resistance: 31.92 SAR area (current price is testing it).

Nearby support: 31.00SAR area.

Main support: 30.20 SAR.

Pattern: Price is moving within an ascending channel, with clear consolidation behavior before the recent spike.

2. Smart Currency Concept (SMC) Analysis

BOS and CHOCH: We note a recurring bullish (structural breakout) on BOS and another ChoCh (signature change) in the 30.80 area, which confirms the continuation of the advance.

Order Zone: There is a strong buying “Order Zone” at the 30.60 – 30.75 SAR level (the area where prices have recently risen).

Liquidity: Prior to the recent breakout to the upside, liquidity had withdrawn from the previous lows (sell-side liquidity).

FVG: There is a small fair value gap below the 31.30 level and the price may return to test before continuing higher.

3. Wyckoff analysis

Current Phase: After the accumulation phase seen in the upper half of the chart has ended, the stock is in a markup phase.

Note: Good volume on the recent breakout supports the continuation of the trend.

4. Technical indicators

RSI: The reading is 60.25, which is a bully territory. There is currently no significant negative divergence, which provides room for further gains before reaching the saturation zone (70).

Moving Average: Price is trading above the moving average and the curve is sloping upward, confirming the strength of momentum.

5. Transaction Management (Trading Plan)

According to the above data, the price is currently in the resistance zone (31.92). Going straight in here can be risky.

Ideal entry point: Wait for a minor pullback to the 31.30 – 31.45 SAR area.

Stop Loss (SL): Hourly closing price below 30.80 SAR.

First target (TP1): 32.40 SAR.

Second target (TP2): 33.15 SAR.

6. Expected scenarios

Base scenario: A break above the 31.92 level and hold above it would open a direct path to the first target of 32.40.

Alternative scenario: The breakout fails and returns to test the demand area at 31.10; if the momentum candle breaks above 30.80, the bullish scenario will be cancelled.

7. Final evaluation

Expected success rate: 70% (provided the market is stable).

Trade Type: Ideal for swing trading over several consecutive days, or for scalping when entering the market above the day’s high intraday.

Note: Technical analysis is a probabilistic tool, and adhering to stop loss is the key to success.