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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 2024-09-04 View latest technical analysis

10 day averaged volume of Sobha is 178230

Date	Daily Closing Price	Open	High	Low	Volume
04 Wed Sep 2024	1751.15	1730.05	1759.95	1717.00	0.401 times
03 Tue Sep 2024	1734.95	1736.00	1786.90	1723.15	1.03 times
02 Mon Sep 2024	1737.60	1690.00	1744.85	1685.55	1.749 times
30 Fri Aug 2024	1689.75	1705.00	1720.90	1678.00	1.659 times
29 Thu Aug 2024	1705.75	1725.05	1729.90	1691.00	1 times
28 Wed Aug 2024	1722.20	1713.50	1730.00	1688.10	0.421 times
27 Tue Aug 2024	1713.30	1725.80	1748.00	1703.05	1.222 times
26 Mon Aug 2024	1713.85	1700.00	1749.95	1681.25	0.987 times
23 Fri Aug 2024	1687.95	1693.00	1709.85	1679.00	0.44 times
22 Thu Aug 2024	1693.65	1697.00	1708.95	1675.35	0.376 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 1746.9, for a target of 1726.4 or 1709.3

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	1751.30
Upside Target	1786.90
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	1695.5
Downside Intraday Target	1639.85
Upside Intraday Target	1796.85
Upside Intraday Target	1842.55
Downside Intraday Target	1741.2

Weekly technical analysis of Sobha (SOBHA)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Wed Sep 2024	1751.15	1690.00	1786.90	1685.55	0.601 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
04 Wed Sep 2024	1751.15	1690.00	1786.90	1685.55	0.126 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 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 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 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 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 Strong 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. Bulls are getting stronger in this stock.

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 SELL signal for Sobha in short term but SELL signal is weak.

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 1715.36 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.