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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 2024-09-02 View latest technical analysis

10 day averaged volume of Sobha is 143790

Date	Daily Closing Price	Open	High	Low	Volume
02 Mon Sep 2024	1737.60	1690.00	1744.85	1685.55	2.168 times
30 Fri Aug 2024	1689.75	1705.00	1720.90	1678.00	2.057 times
29 Thu Aug 2024	1705.75	1725.05	1729.90	1691.00	1.239 times
28 Wed Aug 2024	1722.20	1713.50	1730.00	1688.10	0.522 times
27 Tue Aug 2024	1713.30	1725.80	1748.00	1703.05	1.515 times
26 Mon Aug 2024	1713.85	1700.00	1749.95	1681.25	1.223 times
23 Fri Aug 2024	1687.95	1693.00	1709.85	1679.00	0.546 times
22 Thu Aug 2024	1693.65	1697.00	1708.95	1675.35	0.466 times
21 Wed Aug 2024	1689.45	1712.50	1712.50	1681.55	1.384 times
20 Tue Aug 2024	1700.60	1708.00	1731.40	1695.00	0.402 times

Stock of Sobha (SOBHA) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 1725.9, but if it comes below 1725.9, then a intra day sell could be more profitable.
If you take a sell trade below 1725.9, then use 1725.9 as stoploss and 1709.14 as target. However if you take a buy trade in stock , then use 1725.9 as stoploss and 1746.1 as target.

Share price targets for Sobha (SOBHA)

Target Type	Value
Downside Target	1549.60
Downside Target	1597.00
Downside Target	1675.00
Downside Target	1734.95
Upside Target	1744.85
Upside Target	1749.95
Upside Target	1751.30
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	1700.48
Downside Intraday Target	1663.37
Upside Intraday Target	1759.78
Upside Intraday Target	1781.97
Downside Intraday Target	1722.67

Weekly technical analysis of Sobha (SOBHA)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Mon Sep 2024	1737.60	1690.00	1744.85	1685.55	0.331 times
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

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
02 Mon Sep 2024	1737.60	1690.00	1744.85	1685.55	0.069 times
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

Scroll below to view daily charts

Price has moved up 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 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 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 BUY. 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 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 weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Sobha in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining 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 1708.01 and Sobha (SOBHA) stock is trading above this level. This is a good sign for the stock and it could move higher. 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 is giving positive 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.