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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.

10 day averaged volume of Sobha is 297931

Date	Daily Closing Price	Open	High	Low	Volume
26 Fri Apr 2024	1752.55	1763.30	1798.90	1740.00	0.698 times
25 Thu Apr 2024	1752.65	1730.00	1767.00	1670.25	1 times
24 Wed Apr 2024	1724.90	1731.00	1768.65	1706.75	1.289 times
23 Tue Apr 2024	1715.60	1629.95	1744.80	1628.05	3.149 times
22 Mon Apr 2024	1620.40	1591.85	1663.45	1583.00	0.686 times
19 Fri Apr 2024	1578.30	1581.00	1606.60	1560.70	0.338 times
18 Thu Apr 2024	1615.00	1606.00	1637.00	1590.00	0.435 times
16 Tue Apr 2024	1608.00	1575.00	1618.00	1563.75	0.415 times
15 Mon Apr 2024	1582.50	1542.00	1610.75	1513.45	0.774 times
12 Fri Apr 2024	1601.30	1650.00	1660.00	1597.00	0.988 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 1786.5, for a target of 1685.2 or 1600.74

Share price targets for Sobha (SOBHA)

Target Type	Value
Downside Target	908.75
Downside Target	987.25
Downside Target	1088.95
Downside Target	1207.05
Downside Target	1258.35
Downside Target	1408.95
Downside Target	1513.45
Downside Target	1577.95
Downside Target	1637.00
Downside Target	1659.00
Downside Target	1675.00
Downside Target	1687.00
Upside Target	1798.90

Intraday share price targets for Sobha (SOBHA)

Target Type	Value
Downside Intraday Target	1624.07
Downside Intraday Target	1495.58
Upside Intraday Target	1839.97
Upside Intraday Target	1927.38
Downside Intraday Target	1711.48

Weekly technical analysis of Sobha (SOBHA)

Date	Weekly Closing Price	Open	High	Low	Volume
26 Fri Apr 2024	1752.55	1591.85	1798.90	1583.00	3.479 times
19 Fri Apr 2024	1578.30	1542.00	1637.00	1513.45	0.35 times
12 Fri Apr 2024	1601.30	1568.95	1687.00	1534.00	1.104 times
05 Fri Apr 2024	1555.00	1436.60	1598.45	1425.10	1.346 times
28 Thu Mar 2024	1448.75	1470.00	1518.70	1408.95	0.384 times

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Sobha (SOBHA)

Date	Monthly Closing Price	Open	High	Low	Volume
26 Fri Apr 2024	1752.55	1436.60	1798.90	1425.10	0.825 times
28 Thu Mar 2024	1448.75	1565.45	1659.00	1207.05	0.9 times
29 Thu Feb 2024	1565.15	1450.00	1675.00	1258.35	0.215 times
31 Wed Jan 2024	1447.75	989.95	1577.95	987.25	2.54 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 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

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

MACD generated a BUY signal for Sobha in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Sobha Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

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 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 1680.69 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 positive

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