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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 2024-10-23 View latest technical analysis

10 day averaged volume of Sobha is 169886

Date	Daily Closing Price	Open	High	Low	Volume
23 Wed Oct 2024	1655.35	1673.95	1690.95	1630.30	1.042 times
22 Tue Oct 2024	1668.65	1709.95	1709.95	1643.00	1.247 times
21 Mon Oct 2024	1708.30	1726.10	1759.85	1700.00	0.619 times
18 Fri Oct 2024	1739.85	1731.00	1754.00	1697.00	0.625 times
17 Thu Oct 2024	1757.40	1820.00	1825.00	1751.60	0.45 times
16 Wed Oct 2024	1819.10	1824.00	1830.65	1785.40	1.104 times
15 Tue Oct 2024	1813.40	1725.00	1822.00	1725.00	1.713 times
14 Mon Oct 2024	1725.25	1701.00	1739.00	1701.00	0.679 times
11 Fri Oct 2024	1709.10	1694.00	1727.05	1690.90	0.588 times
10 Thu Oct 2024	1701.55	1709.95	1747.65	1692.40	1.216 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 1687.5, but if it comes above 1687.5, then a intra day buy could be more profitable.
If you take a sell trade below 1687.5, then use 1687.5 as stoploss and 1559.1 as target. However if you take a buy trade in stock , then use 1687.5 as stoploss and 1794.42 as target.

Share price targets for Sobha (SOBHA)

Target Type	Value
Downside Target	1549.60
Downside Target	1597.00
Downside Target	1630.30
Upside Target	1751.30
Upside Target	1830.65
Upside Target	1941.90
Upside Target	1942.25
Upside Target	1979.90
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	1603.82
Downside Intraday Target	1552.28
Upside Intraday Target	1733.37
Upside Intraday Target	1811.38
Upside Intraday Target	1681.83

Weekly technical analysis of Sobha (SOBHA)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Wed Oct 2024	1655.35	1726.10	1759.85	1630.30	0.636 times
18 Fri Oct 2024	1739.85	1701.00	1830.65	1697.00	0.624 times
11 Fri Oct 2024	1709.10	1772.00	1778.65	1675.55	1.753 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

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
23 Wed Oct 2024	1655.35	1922.05	1941.90	1630.30	0.605 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 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 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 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 Strong and stock is gaining momentum.

MACD generated a SELL signal for Sobha in short term and the sell signal is strong.

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 SELL signal in short term but selling 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 1734.52 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.