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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 2024-03-21 View latest technical analysis

10 day averaged volume of Sobha is 312207

Date	Daily Closing Price	Open	High	Low	Volume
21 Thu Mar 2024	1402.05	1265.00	1415.95	1256.60	3.655 times
20 Wed Mar 2024	1251.60	1257.80	1299.95	1241.00	0.942 times
19 Tue Mar 2024	1256.50	1282.00	1284.85	1242.45	0.572 times
18 Mon Mar 2024	1274.60	1239.95	1315.00	1207.05	1.538 times
15 Fri Mar 2024	1243.45	1311.65	1311.65	1230.05	1.365 times
14 Thu Mar 2024	1300.95	1268.00	1323.00	1223.55	1.046 times
13 Wed Mar 2024	1268.00	1429.85	1447.95	1231.15	1.679 times
12 Tue Mar 2024	1399.30	1453.65	1464.00	1380.00	0.67 times
11 Mon Mar 2024	1450.25	1517.00	1526.35	1421.10	0.631 times
07 Thu Mar 2024	1516.35	1512.85	1542.00	1481.00	0.506 times

Stock of Sobha (SOBHA) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bearish for shortterm, and stock might move down till 1314.9 or till 1147.3. Use a stoploss of 1454.63 and if the stock hits stoploss, then it can shoot up till 1594.31

Share price targets for Sobha (SOBHA)

Target Type	Value
Downside Target	715.00
Downside Target	908.75
Downside Target	987.25
Downside Target	1088.95
Downside Target	1207.05
Downside Target	1258.35
Downside Target	1378.80
Upside Target	1415.95
Upside Target	1462.35
Upside Target	1516.45
Upside Target	1577.95
Upside Target	1659.00
Upside Target	1675.00

Intraday share price targets for Sobha (SOBHA)

Target Type	Value
Downside Intraday Target	1267.42
Downside Intraday Target	1132.78
Upside Intraday Target	1476.32
Upside Intraday Target	1550.58
Downside Intraday Target	1341.68

Weekly technical analysis of Sobha (SOBHA)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Thu Mar 2024	1402.05	1239.95	1415.95	1207.05	1.244 times
15 Fri Mar 2024	1243.45	1517.00	1526.35	1223.55	1.79 times
07 Thu Mar 2024	1516.35	1640.85	1659.00	1462.35	0.353 times
02 Sat Mar 2024	1625.70	1465.05	1675.00	1465.05	1.878 times
23 Fri Feb 2024	1460.20	1454.40	1516.45	1378.80	0.682 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
21 Thu Mar 2024	1402.05	1565.45	1659.00	1207.05	0.65 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
29 Fri Dec 2023	985.70	915.00	1088.95	908.75	0.923 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 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 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 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 Weak and stock is losing momentum.

MACD generated a SELL signal for Sobha in short term and the sell 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 LOWS in short term which reflects strong selling momentum. 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 1332.08 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 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.