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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 2024-08-23 View latest technical analysis

10 day averaged volume of Sobha is 168674

Date	Daily Closing Price	Open	High	Low	Volume
23 Fri Aug 2024	1687.95	1693.00	1709.85	1679.00	0.465 times
22 Thu Aug 2024	1693.65	1697.00	1708.95	1675.35	0.397 times
21 Wed Aug 2024	1689.45	1712.50	1712.50	1681.55	1.179 times
20 Tue Aug 2024	1700.60	1708.00	1731.40	1695.00	0.343 times
19 Mon Aug 2024	1715.90	1730.00	1738.00	1695.95	0.552 times
16 Fri Aug 2024	1718.50	1698.00	1728.00	1697.65	1.242 times
14 Wed Aug 2024	1694.65	1696.80	1708.65	1676.00	0.694 times
13 Tue Aug 2024	1696.80	1725.70	1730.00	1675.00	0.918 times
12 Mon Aug 2024	1704.75	1708.00	1734.95	1676.55	1.685 times
09 Fri Aug 2024	1708.40	1670.00	1774.90	1670.00	2.039 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 1688.2, but if it comes above 1688.2, then a intra day buy could be more profitable.
If you take a sell trade below 1688.2, then use 1688.2 as stoploss and 1635.5 as target. However if you take a buy trade in stock , then use 1688.2 as stoploss and 1732.17 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	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	1662.87
Downside Intraday Target	1637.78
Upside Intraday Target	1725.52
Upside Intraday Target	1763.08
Upside Intraday Target	1700.43

Weekly technical analysis of Sobha (SOBHA)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Fri Aug 2024	1687.95	1730.00	1738.00	1675.35	0.647 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
23 Fri Aug 2024	1687.95	1786.00	1845.00	1597.00	0.677 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 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 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 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 losing 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 coming down

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 and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL 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 1703.14 and Sobha (SOBHA) stock is trading below this level. This means that stock is falling with high volumes. 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 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.