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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 2024-07-01 View latest technical analysis

10 day averaged volume of Sobha is 191310

Date	Daily Closing Price	Open	High	Low	Volume
01 Mon Jul 2024	1908.70	1960.00	1984.80	1896.05	2.077 times
28 Fri Jun 2024	1956.65	2013.55	2053.00	1924.60	2.131 times
27 Thu Jun 2024	2013.55	2047.95	2070.00	1990.00	0.479 times
26 Wed Jun 2024	2047.95	2046.00	2060.00	2020.55	0.64 times
25 Tue Jun 2024	2046.95	2017.25	2058.10	2001.05	1.115 times
24 Mon Jun 2024	1993.50	2063.50	2063.50	1961.35	0.849 times
21 Fri Jun 2024	2058.90	2050.00	2069.35	2042.00	0.444 times
20 Thu Jun 2024	2047.25	2039.10	2075.00	2025.00	0.601 times
19 Wed Jun 2024	2018.65	2075.75	2094.80	2001.20	1.86 times
18 Tue Jun 2024	2159.70	2203.00	2214.00	2145.00	1.29 times

Stock of Sobha (SOBHA) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 1921.1, but if it comes above 1921.1, then a intra day buy could be more profitable.
If you take a sell trade below 1921.1, then use 1921.1 as stoploss and 1803 as target. However if you take a buy trade in stock , then use 1921.1 as stoploss and 2019.47 as target.

Share price targets for Sobha (SOBHA)

Target Type	Value
Downside Target	1207.05
Downside Target	1425.10
Downside Target	1549.60
Downside Target	1621.00
Downside Target	1659.00
Downside Target	1798.90
Downside Target	1896.05
Upside Target	1984.80
Upside Target	2070.00
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	1874.9
Downside Intraday Target	1841.1
Upside Intraday Target	1963.65
Upside Intraday Target	2018.6
Upside Intraday Target	1929.85

Weekly technical analysis of Sobha (SOBHA)

Date	Weekly Closing Price	Open	High	Low	Volume
01 Mon Jul 2024	1908.70	1960.00	1984.80	1896.05	0.398 times
28 Fri Jun 2024	1956.65	2063.50	2070.00	1924.60	1.243 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

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
01 Mon Jul 2024	1908.70	1960.00	1984.80	1896.05	0.082 times
28 Fri Jun 2024	1956.65	1984.95	2220.00	1549.60	0.749 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

Scroll below to view daily charts

Price has moved down 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 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 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 Strong 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 getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below 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 positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 2008.47 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.