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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 2024-04-08 View latest technical analysis

10 day averaged volume of Sobha is 460766

Date	Daily Closing Price	Open	High	Low	Volume
08 Mon Apr 2024	1540.10	1568.95	1585.00	1534.00	0.196 times
05 Fri Apr 2024	1555.00	1540.00	1570.00	1511.15	0.686 times
04 Thu Apr 2024	1563.55	1569.05	1586.75	1543.00	0.284 times
03 Wed Apr 2024	1569.05	1567.90	1598.45	1543.15	0.461 times
02 Tue Apr 2024	1567.90	1534.00	1583.00	1530.00	0.718 times
01 Mon Apr 2024	1543.20	1436.60	1550.00	1425.10	1.135 times
28 Thu Mar 2024	1448.75	1450.30	1464.00	1431.00	0.375 times
27 Wed Mar 2024	1431.00	1436.95	1518.70	1408.95	1.185 times
26 Tue Mar 2024	1431.20	1470.00	1491.15	1418.00	0.878 times
22 Fri Mar 2024	1477.05	1393.00	1515.05	1363.70	1.802 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 1541.1 as stoploss in an intra day sell trade for a target of 1424.49. However, stock will show a bullish move above 1541.1.

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	1515.05
Upside Target	1577.95
Upside Target	1585.00
Upside Target	1598.45
Upside Target	1659.00
Upside Target	1675.00

Intraday share price targets for Sobha (SOBHA)

Target Type	Value
Downside Intraday Target	1521.07
Downside Intraday Target	1502.03
Upside Intraday Target	1572.07
Upside Intraday Target	1604.03
Upside Intraday Target	1553.03

Weekly technical analysis of Sobha (SOBHA)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Mon Apr 2024	1540.10	1568.95	1585.00	1534.00	0.06 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
22 Fri Mar 2024	1477.05	1239.95	1515.05	1207.05	1.738 times
15 Fri Mar 2024	1243.45	1517.00	1526.35	1223.55	1.79 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
08 Mon Apr 2024	1540.10	1436.60	1598.45	1425.10	0.228 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 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 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 1498.76 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.