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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 2024-08-30 View latest technical analysis

10 day averaged volume of Sobha is 135164

Date	Daily Closing Price	Open	High	Low	Volume
30 Fri Aug 2024	1689.75	1705.00	1720.90	1678.00	2.188 times
29 Thu Aug 2024	1705.75	1725.05	1729.90	1691.00	1.318 times
28 Wed Aug 2024	1722.20	1713.50	1730.00	1688.10	0.555 times
27 Tue Aug 2024	1713.30	1725.80	1748.00	1703.05	1.611 times
26 Mon Aug 2024	1713.85	1700.00	1749.95	1681.25	1.301 times
23 Fri Aug 2024	1687.95	1693.00	1709.85	1679.00	0.58 times
22 Thu Aug 2024	1693.65	1697.00	1708.95	1675.35	0.496 times
21 Wed Aug 2024	1689.45	1712.50	1712.50	1681.55	1.472 times
20 Tue Aug 2024	1700.60	1708.00	1731.40	1695.00	0.428 times
19 Mon Aug 2024	1715.90	1730.00	1738.00	1695.95	0.689 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 1692.5, but if it comes above 1692.5, then a intra day buy could be more profitable.
If you take a sell trade below 1692.5, then use 1692.5 as stoploss and 1672.9 as target. However if you take a buy trade in stock , then use 1692.5 as stoploss and 1708.84 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	1751.30
Upside Target	1798.90
Upside Target	1838.00
Upside Target	1845.00
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	1661.85
Downside Intraday Target	1633.95
Upside Intraday Target	1733.8
Upside Intraday Target	1777.85
Upside Intraday Target	1705.9

Weekly technical analysis of Sobha (SOBHA)

Date	Weekly Closing Price	Open	High	Low	Volume
30 Fri Aug 2024	1689.75	1700.00	1749.95	1678.00	1.903 times
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

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Sobha (SOBHA)

Date	Monthly Closing Price	Open	High	Low	Volume
30 Fri Aug 2024	1689.75	1786.00	1845.00	1597.00	0.857 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 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.

Price action analysis of Sobha ( (SOBHA) ) based on a short to mid 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 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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

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 1702.11 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.