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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 2024-10-07 View latest technical analysis

10 day averaged volume of Sobha is 243421

Date	Daily Closing Price	Open	High	Low	Volume
07 Mon Oct 2024	1741.70	1772.00	1778.65	1707.40	1.033 times
04 Fri Oct 2024	1790.85	1800.00	1836.80	1766.30	0.678 times
03 Thu Oct 2024	1822.80	1838.10	1860.00	1760.00	0.872 times
01 Tue Oct 2024	1864.75	1922.05	1941.90	1850.25	0.749 times
30 Mon Sep 2024	1940.40	1979.90	1979.90	1916.30	0.615 times
27 Fri Sep 2024	1967.55	1984.20	2014.20	1951.55	0.748 times
26 Thu Sep 2024	1996.15	2009.95	2037.00	1975.00	0.819 times
25 Wed Sep 2024	2015.40	1985.00	2040.00	1942.25	0.713 times
24 Tue Sep 2024	1995.50	2040.00	2044.00	1982.00	0.568 times
23 Mon Sep 2024	2044.90	2000.20	2070.00	2000.00	1.461 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 1751.5, but if it comes above 1751.5, then a intra day buy could be more profitable.
If you take a sell trade below 1751.5, then use 1751.5 as stoploss and 1620 as target. However if you take a buy trade in stock , then use 1751.5 as stoploss and 1861.06 as target.

Share price targets for Sobha (SOBHA)

Target Type	Value
Downside Target	1549.60
Downside Target	1597.00
Downside Target	1653.00
Downside Target	1707.40
Upside Target	1745.00
Upside Target	1832.85
Upside Target	1941.90
Upside Target	1979.90
Upside Target	2028.50
Upside Target	2070.00
Upside Target	2155.35
Upside Target	2220.00

Intraday share price targets for Sobha (SOBHA)

Target Type	Value
Downside Intraday Target	1706.52
Downside Intraday Target	1671.33
Upside Intraday Target	1777.77
Upside Intraday Target	1813.83
Upside Intraday Target	1742.58

Weekly technical analysis of Sobha (SOBHA)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Mon Oct 2024	1741.70	1772.00	1778.65	1707.40	0.354 times
04 Fri Oct 2024	1790.85	1979.90	1979.90	1760.00	0.677 times
27 Fri Sep 2024	1967.55	2000.20	2070.00	1942.25	0.567 times
20 Fri Sep 2024	1987.65	1770.90	2028.50	1745.00	1.494 times
13 Fri Sep 2024	1773.90	1690.50	1832.85	1653.00	1.557 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
07 Mon Oct 2024	1741.70	1922.05	1941.90	1707.40	0.16 times
30 Mon Sep 2024	1940.40	1690.00	2070.00	1653.00	1.132 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

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 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 to mid 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 mid to longer term time period is neutral. A longer time frame might give a better analysis.

ADX buy sell signal for Sobha stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Sobha in short term but the sell 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 green color and prices are in or below the green 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 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 1920.71 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 positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.