2060 – National Industrialization Company (TASI)National Industrialization Co.TADAWUL_DLY:2060THE-CHART-ALCHEMIST📊 2060 – National Industrialization Company (TASI) 🟢 Technical Buy Set-up – 1D Timeframe ✍️ By The Chart Alchemist 🔍 Context & Market Structure The stock was previously in a strong uptrend, making a high near SAR 27 📈 A double top formation 🔻 developed at the peak, triggering a trend reversal Price action transitioned into a well-defined bearish trend with lower highs & lower lows Currently, the bearish momentum is exhausting, and price has formed a TWD (Trend Weakening & Distribution) ⚠️ This indicates a potential accumulation phase and early signs of bullish reversal 🔄 🧠 Technical Insight Selling pressure is drying up 🪫 Structure suggests a base formation near demand zone Risk-reward profile is highly favorable ⚖️ Early positioning offers maximum upside capture 🟢 Buying Zone 🎯 SAR 9.40 – 10.00 Ideal for fresh entries and accumulation 📌 For existing holders: 👉 Best averaging zone: SAR 9.40 – 9.50 🎯 Target Levels (Scale-Out Strategy) 🚀 TP1: 10.50 🚀 TP2: 11.10 🚀 TP3: 11.50 🚀 TP4: 11.90 🚀 TP5: 12.40 🚀 TP6: 12.95 ➡️ Strategy: Exit in partials at each target to lock in profits 💰 and reduce risk progressively 🛑 Stop Loss ❌ Below SAR 9.20 Strict invalidation of bullish setup Protects capital in case of structural failure ⚖️ Risk-to-Reward Ratio 🔥 ~10.7 RRR Exceptional asymmetric opportunity Small downside vs significant upside potential 📌 Trade Summary ✔️ Trend: Bearish → Reversal Phase ✔️ Pattern: Double Top → TWD Base ✔️ Entry: Demand Zone Accumulation ✔️ Strategy: Scale-in & Scale-out ✔️ Ideal for: Swing Traders & Positional Traders 🚨 Final Note This setup reflects a high-probability reversal trade backed by structure and price behavior. Patience in entries and discipline in exits will be key to maximizing returns.