1320 - Saudi Steel Pipe - TASI - SAUDI STOCK MARKETSaudi Steel Pipe Co.TADAWUL:1320FaisalKSAThe stock is showing early signs of recovery after a prolonged downtrend ( new contracts + strong focus on Oil & Gas infrastructure ). Technicals: Price is holding above the anchorage VWAP from the bottom 48.3, indicating institutional accumulation. Still below VWAP from top 67.6, trend not fully confirmed yet. Key Levels: Support 47-50 Resistance 63 - 67- 72 Fair Value 60-70 holding above 50 support continuation toward 63 and potentially 70. Break below 48-47 invalidates the bullish setup. conclusion: Stock is in an early recovery phase with a favorable risk / reward if momentum continues.