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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 281323

Date	Daily Closing Price	Open	High	Low	Volume
19 Fri Apr 2024	1570.00	1581.00	1606.60	1560.70	0.358 times
18 Thu Apr 2024	1615.00	1606.00	1637.00	1590.00	0.46 times
16 Tue Apr 2024	1608.00	1575.00	1618.00	1563.75	0.439 times
15 Mon Apr 2024	1582.50	1542.00	1610.75	1513.45	0.819 times
12 Fri Apr 2024	1601.30	1650.00	1660.00	1597.00	1.047 times
10 Wed Apr 2024	1644.35	1604.80	1660.00	1604.75	0.981 times
09 Tue Apr 2024	1600.70	1548.05	1687.00	1548.05	3.589 times
08 Mon Apr 2024	1540.10	1568.95	1585.00	1534.00	0.322 times
05 Fri Apr 2024	1555.00	1540.00	1570.00	1511.15	1.123 times
04 Thu Apr 2024	1563.55	1569.05	1586.75	1543.00	0.465 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 1621.9 as stoploss in an intra day sell trade for a target of 1512.94. However, stock will show a bullish move above 1621.9.

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
Upside Target	1577.95
Upside Target	1598.45
Upside Target	1637.00
Upside Target	1659.00
Upside Target	1675.00
Upside Target	1687.00

Intraday share price targets for Sobha (SOBHA)

Target Type	Value
Downside Intraday Target	1509.97
Downside Intraday Target	1449.93
Upside Intraday Target	1633.52
Upside Intraday Target	1697.03
Upside Intraday Target	1573.48

Weekly technical analysis of Sobha (SOBHA)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Fri Apr 2024	1570.00	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
22 Fri Mar 2024	1477.05	1239.95	1515.05	1207.05	1.738 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
19 Fri Apr 2024	1570.00	1436.60	1687.00	1425.10	0.536 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 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 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 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 Weak and stock is losing momentum.

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

Sobha Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above 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

Stock of Sobha is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 1594.38 and Sobha (SOBHA) stock is trading below this level. This means that stock is falling with high volumes. 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 negative.

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