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(SOBHA) Sobha complete technical analysis [charts+indicators] | Buy/Sell Sobha | (SOBHA) share price targets

Complete technical analysis of Sobha (SOBHA) by charts plus indicators, forecast predictions and share price targets for Sobha (SOBHA)

Sobha trades in NSE in Realty sector.

Showing technical analysis as on 2024-04-10 View latest technical analysis

10 day averaged volume of Sobha is 373661

Date	Daily Closing Price	Open	High	Low	Volume
10 Wed Apr 2024	1644.35	1604.80	1660.00	1604.75	0.739 times
09 Tue Apr 2024	1600.70	1548.05	1687.00	1548.05	2.702 times
08 Mon Apr 2024	1540.10	1568.95	1585.00	1534.00	0.242 times
05 Fri Apr 2024	1555.00	1540.00	1570.00	1511.15	0.846 times
04 Thu Apr 2024	1563.55	1569.05	1586.75	1543.00	0.35 times
03 Wed Apr 2024	1569.05	1567.90	1598.45	1543.15	0.568 times
02 Tue Apr 2024	1567.90	1534.00	1583.00	1530.00	0.886 times
01 Mon Apr 2024	1543.20	1436.60	1550.00	1425.10	1.399 times
28 Thu Mar 2024	1448.75	1450.30	1464.00	1431.00	0.463 times
27 Wed Mar 2024	1431.00	1436.95	1518.70	1408.95	1.461 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 1568.5, but if it comes below 1568.5, then a intra day sell could be more profitable.
If you take a sell trade below 1568.5, then use 1568.5 as stoploss and 1438.42 as target. However if you take a buy trade in stock , then use 1568.5 as stoploss and 1724.6 as target.

Share price targets for Sobha (SOBHA)

Target Type	Value
Downside Target	908.75
Downside Target	987.25
Downside Target	1088.95
Downside Target	1207.05
Downside Target	1258.35
Downside Target	1408.95
Downside Target	1515.05
Downside Target	1577.95
Downside Target	1598.45
Upside Target	1659.00
Upside Target	1675.00
Upside Target	1687.00

Intraday share price targets for Sobha (SOBHA)

Target Type	Value
Downside Intraday Target	1556.57
Downside Intraday Target	1468.78
Upside Intraday Target	1709.57
Upside Intraday Target	1774.78
Downside Intraday Target	1621.78

Weekly technical analysis of Sobha (SOBHA)

Date	Weekly Closing Price	Open	High	Low	Volume
10 Wed Apr 2024	1644.35	1568.95	1687.00	1534.00	0.91 times
05 Fri Apr 2024	1555.00	1436.60	1598.45	1425.10	1.346 times
28 Thu Mar 2024	1448.75	1470.00	1518.70	1408.95	0.384 times
22 Fri Mar 2024	1477.05	1239.95	1515.05	1207.05	1.738 times
15 Fri Mar 2024	1243.45	1517.00	1526.35	1223.55	1.79 times

Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Sobha (SOBHA)

Date	Monthly Closing Price	Open	High	Low	Volume
10 Wed Apr 2024	1644.35	1436.60	1687.00	1425.10	0.411 times
28 Thu Mar 2024	1448.75	1565.45	1659.00	1207.05	0.9 times
29 Thu Feb 2024	1565.15	1450.00	1675.00	1258.35	0.215 times
31 Wed Jan 2024	1447.75	989.95	1577.95	987.25	2.54 times

Scroll below to view daily charts

Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Sobha (SOBHA)

Price action analysis of Sobha ( (SOBHA) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Sobha ( (SOBHA) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Sobha ( (SOBHA) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Sobha ( (SOBHA) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Sobha stock for short term is BUY. Signal strength is Strong and stock is losing momentum.

MACD generated a BUY signal for Sobha in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Sobha Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Sobha in short term and BUY signal is strong.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Sobha is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 1551 and Sobha (SOBHA) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Sobha (SOBHA) stock. Volume based technical analysis of Sobha (SOBHA) stock is negative.

Sobha Stock is giving positive returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.