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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 2024-08-05 View latest technical analysis

10 day averaged volume of Sobha is 368302

Date	Daily Closing Price	Open	High	Low	Volume
05 Mon Aug 2024	1733.10	1671.80	1777.25	1597.00	1.737 times
02 Fri Aug 2024	1731.70	1757.25	1780.00	1711.10	0.963 times
01 Thu Aug 2024	1788.20	1786.00	1800.95	1775.00	0.582 times
31 Wed Jul 2024	1800.20	1830.00	1832.00	1786.00	0.778 times
30 Tue Jul 2024	1830.60	1809.00	1838.00	1780.00	0.545 times
29 Mon Jul 2024	1792.80	1808.90	1824.00	1780.00	0.605 times
26 Fri Jul 2024	1799.55	1829.00	1832.70	1778.75	3.923 times
25 Thu Jul 2024	1862.45	1802.25	1867.95	1802.25	0.268 times
24 Wed Jul 2024	1824.45	1774.00	1932.50	1774.00	0.983 times
23 Tue Jul 2024	1774.00	1775.00	1871.00	1751.30	0.938 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 1772.4, but if it comes above 1772.4, then a intra day buy could be more profitable.
If you take a sell trade below 1772.4, then use 1772.4 as stoploss and 1655.9 as target. However if you take a buy trade in stock , then use 1772.4 as stoploss and 1869.54 as target.

Share price targets for Sobha (SOBHA)

Target Type	Value
Downside Target	1425.10
Downside Target	1549.60
Downside Target	1597.00
Downside Target	1711.10
Upside Target	1751.30
Upside Target	1932.50
Upside Target	1940.00
Upside Target	1979.95
Upside Target	2074.95
Upside Target	2093.70
Upside Target	2155.35
Upside Target	2220.00

Intraday share price targets for Sobha (SOBHA)

Target Type	Value
Downside Intraday Target	1627.65
Downside Intraday Target	1522.2
Upside Intraday Target	1807.9
Upside Intraday Target	1882.7
Downside Intraday Target	1702.45

Weekly technical analysis of Sobha (SOBHA)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Mon Aug 2024	1733.10	1671.80	1777.25	1597.00	0.5 times
02 Fri Aug 2024	1731.70	1808.90	1838.00	1711.10	0.532 times
26 Fri Jul 2024	1799.55	1822.00	1932.50	1751.30	4.429 times
19 Fri Jul 2024	1846.90	1951.85	1979.95	1825.80	1.454 times
12 Fri Jul 2024	1951.85	2025.00	2074.95	1940.00	0.31 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
05 Mon Aug 2024	1733.10	1786.00	1800.95	1597.00	0.231 times
31 Wed Jul 2024	1800.20	1960.00	2155.35	1751.30	1.084 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

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 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 neutral. A longer time frame might give a better analysis.

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 and the sell signal is strong.

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 red color and prices are below the red cloud Prices appear to be moving up

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

RSI is generating a BUY signal in short term but buying 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 1785.71 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 negative.

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