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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 2024-09-10 View latest technical analysis

10 day averaged volume of Sobha is 167286

Date	Daily Closing Price	Open	High	Low	Volume
10 Tue Sep 2024	1734.70	1680.20	1744.95	1672.95	0.816 times
09 Mon Sep 2024	1663.55	1690.50	1723.95	1653.00	0.669 times
06 Fri Sep 2024	1710.15	1699.00	1723.85	1681.25	0.9 times
05 Thu Sep 2024	1721.55	1762.00	1762.00	1712.00	0.46 times
04 Wed Sep 2024	1751.15	1730.05	1759.95	1717.00	0.427 times
03 Tue Sep 2024	1734.95	1736.00	1786.90	1723.15	1.098 times
02 Mon Sep 2024	1737.60	1690.00	1744.85	1685.55	1.863 times
30 Fri Aug 2024	1689.75	1705.00	1720.90	1678.00	1.768 times
29 Thu Aug 2024	1705.75	1725.05	1729.90	1691.00	1.065 times
28 Wed Aug 2024	1722.20	1713.50	1730.00	1688.10	0.449 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 1730.2, but if it comes below 1730.2, then a intra day sell could be more profitable.
If you take a sell trade below 1730.2, then use 1730.2 as stoploss and 1709.8 as target. However if you take a buy trade in stock , then use 1730.2 as stoploss and 1754.8 as target.

Share price targets for Sobha (SOBHA)

Target Type	Value
Downside Target	1549.60
Downside Target	1597.00
Upside Target	1734.95
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	1676.82
Downside Intraday Target	1618.93
Upside Intraday Target	1768.77
Upside Intraday Target	1802.83
Downside Intraday Target	1710.88

Weekly technical analysis of Sobha (SOBHA)

Date	Weekly Closing Price	Open	High	Low	Volume
10 Tue Sep 2024	1734.70	1690.50	1744.95	1653.00	0.313 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 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
10 Tue Sep 2024	1734.70	1690.00	1786.90	1653.00	0.232 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 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 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 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 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 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 1715.9 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.