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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 2024-09-09 View latest technical analysis

10 day averaged volume of Sobha is 173687

Date	Daily Closing Price	Open	High	Low	Volume
09 Mon Sep 2024	1663.55	1690.50	1723.95	1653.00	0.644 times
06 Fri Sep 2024	1710.15	1699.00	1723.85	1681.25	0.867 times
05 Thu Sep 2024	1721.55	1762.00	1762.00	1712.00	0.443 times
04 Wed Sep 2024	1751.15	1730.05	1759.95	1717.00	0.411 times
03 Tue Sep 2024	1734.95	1736.00	1786.90	1723.15	1.057 times
02 Mon Sep 2024	1737.60	1690.00	1744.85	1685.55	1.795 times
30 Fri Aug 2024	1689.75	1705.00	1720.90	1678.00	1.703 times
29 Thu Aug 2024	1705.75	1725.05	1729.90	1691.00	1.026 times
28 Wed Aug 2024	1722.20	1713.50	1730.00	1688.10	0.432 times
27 Tue Aug 2024	1713.30	1725.80	1748.00	1703.05	1.254 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 1665.1, for a target of 1688.7 or 1708.3

Share price targets for Sobha (SOBHA)

Target Type	Value
Downside Target	1549.60
Downside Target	1597.00
Upside Target	1723.95
Upside Target	1749.95
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	1636.38
Downside Intraday Target	1609.22
Upside Intraday Target	1707.33
Upside Intraday Target	1751.12
Upside Intraday Target	1680.17

Weekly technical analysis of Sobha (SOBHA)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Mon Sep 2024	1663.55	1690.50	1723.95	1653.00	0.141 times
06 Fri Sep 2024	1710.15	1690.00	1786.90	1681.25	0.843 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

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
09 Mon Sep 2024	1663.55	1690.00	1786.90	1653.00	0.202 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 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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.

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 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 1714.02 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.