Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-08-22 View latest technical analysis

10 day averaged volume of Sobha is 187676

Date	Daily Closing Price	Open	High	Low	Volume
22 Thu Aug 2024	1693.65	1697.00	1708.95	1675.35	0.357 times
21 Wed Aug 2024	1689.45	1712.50	1712.50	1681.55	1.06 times
20 Tue Aug 2024	1700.60	1708.00	1731.40	1695.00	0.308 times
19 Mon Aug 2024	1715.90	1730.00	1738.00	1695.95	0.496 times
16 Fri Aug 2024	1718.50	1698.00	1728.00	1697.65	1.116 times
14 Wed Aug 2024	1694.65	1696.80	1708.65	1676.00	0.624 times
13 Tue Aug 2024	1696.80	1725.70	1730.00	1675.00	0.825 times
12 Mon Aug 2024	1704.75	1708.00	1734.95	1676.55	1.515 times
09 Fri Aug 2024	1708.40	1670.00	1774.90	1670.00	1.833 times
08 Thu Aug 2024	1691.75	1732.20	1732.20	1671.10	0.854 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 1689.9 as stoploss in an intra day buy trade for a target of 1740.89. However, stock will show a bearish move below 1689.9.

Share price targets for Sobha (SOBHA)

Target Type	Value
Downside Target	1425.10
Downside Target	1549.60
Downside Target	1597.00
Downside Target	1675.00
Upside Target	1711.10
Upside Target	1798.90
Upside Target	1838.00
Upside Target	1845.00
Upside Target	1932.50
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	1666.67
Downside Intraday Target	1639.68
Upside Intraday Target	1729.32
Upside Intraday Target	1764.98
Upside Intraday Target	1702.33

Weekly technical analysis of Sobha (SOBHA)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Thu Aug 2024	1693.65	1730.00	1738.00	1675.35	0.544 times
16 Fri Aug 2024	1718.50	1708.00	1734.95	1675.00	0.446 times
09 Fri Aug 2024	1708.40	1671.80	1845.00	1597.00	1.341 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

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
22 Thu Aug 2024	1693.65	1786.00	1845.00	1597.00	0.662 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 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 neutral. A longer time frame might give a better analysis.

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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this 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 BUY signal for Sobha in short term but the buy signal is initial and weak.

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 LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

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 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 1702.76 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.