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Bawan shares hover amid decline
Bawan's stock is moving sideways within a descending trend, successfully rebounding from a key demand zone around 41.75 – 41.10 riyals. It is approaching an important resistance at 45.20 riyals. The stock is expected to target levels between 46.20 and 47.05 riyals if it continues to close above the resistance of 50.90 riyals. Conversely, a decline below 43.25 riyals may lead the stock to retest previous demand areas. The movement indicates ongoing selling pressures, and a recovery above the resistance level is required to improve the technical trend.
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