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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 2024-06-27 View latest technical analysis

10 day averaged volume of Sobha is 240951

Date	Daily Closing Price	Open	High	Low	Volume
27 Thu Jun 2024	2013.55	2047.95	2070.00	1990.00	0.38 times
26 Wed Jun 2024	2047.95	2046.00	2060.00	2020.55	0.508 times
25 Tue Jun 2024	2046.95	2017.25	2058.10	2001.05	0.886 times
24 Mon Jun 2024	1993.50	2063.50	2063.50	1961.35	0.674 times
21 Fri Jun 2024	2058.90	2050.00	2069.35	2042.00	0.352 times
20 Thu Jun 2024	2047.25	2039.10	2075.00	2025.00	0.477 times
19 Wed Jun 2024	2018.65	2075.75	2094.80	2001.20	1.476 times
18 Tue Jun 2024	2159.70	2203.00	2214.00	2145.00	1.024 times
14 Fri Jun 2024	2181.15	2186.00	2216.80	2172.05	0.47 times
13 Thu Jun 2024	2162.25	2110.00	2220.00	2110.00	3.208 times

My analysis of stock is bearish for shortterm, and stock might move down till 1911 or till 1786.8. Use a stoploss of 2014.56 and if the stock hits stoploss, then it can shoot up till 2118.11

Share price targets for Sobha (SOBHA)

Target Type	Value
Downside Target	1207.05
Downside Target	1258.35
Downside Target	1425.10
Downside Target	1549.60
Downside Target	1621.00
Downside Target	1659.00
Downside Target	1798.90
Downside Target	1961.35
Downside Target	2001.20
Upside Target	2093.70
Upside Target	2133.00
Upside Target	2214.00
Upside Target	2220.00

Intraday share price targets for Sobha (SOBHA)

Target Type	Value
Downside Intraday Target	1959.93
Downside Intraday Target	1906.32
Upside Intraday Target	2068.58
Upside Intraday Target	2123.62
Upside Intraday Target	2014.97

Weekly technical analysis of Sobha (SOBHA)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Thu Jun 2024	2013.55	2063.50	2070.00	1961.35	0.735 times
21 Fri Jun 2024	2058.90	2203.00	2214.00	2001.20	0.59 times
14 Fri Jun 2024	2181.15	2086.00	2220.00	2030.05	0.813 times
07 Fri Jun 2024	2086.00	1984.95	2133.00	1549.60	1.482 times
31 Fri May 2024	1899.80	1972.90	2093.70	1824.00	0.776 times

Price has moved down 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
27 Thu Jun 2024	2013.55	1984.95	2220.00	1549.60	0.686 times
31 Fri May 2024	1899.80	1790.00	2093.70	1621.00	1.074 times
30 Tue Apr 2024	1776.75	1436.60	1798.90	1425.10	0.854 times
28 Thu Mar 2024	1448.75	1565.45	1659.00	1207.05	0.9 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 trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Sobha ( (SOBHA) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Sobha ( (SOBHA) ) based on a short to mid term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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 SELL. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for Sobha in short term but the sell signal is initial and weak.

Sobha Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Sobha in short term and SELL signal is strong!

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 2095.89 and Sobha (SOBHA) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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

Sobha Stock has given negative 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.