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Zajaj stock breaches upper Bollinger Band
The stock of National Glass Company "Zaj" showed a significant increase during the trading session, successfully surpassing the upper band of the Bollinger Bands with strong momentum in trading. This coincided with a surge in liquidity volume to approximately three times the daily average, indicating the entry of supporting buying forces driving the price upward. Technical analysis forecasts suggest that the stock could target levels up to 39.20 riyals if the inflow of liquidity continues, with a key support at 34.30 riyals representing the stop-loss level. Historically, the stock has traded between 33.32 riyals and 39.88 riyals since early 2026, demonstrating an ability to recover from previous declines. The outlook remains bullish as long as market conditions do not change.
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