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Sobha Ltd for 65%+ gainsDate: 23 Nov’24 Symbol: SOBHA Timeframe: Weekly Sobha Ltd currently seems to be starting Wave V of 3 which is heading towards 2720-50 (65%+ from its current price of 1630) as seen in the chart. Two levels (2720 & 2750) have been marked as supply zone. However, a clearer target can be pinned once the stock makes a fresh ATH. The company has recently posted strong Q2 numbers and highest quarterly profits since March 2023. This is not a prediction but a possible wave count. This is also not a recommendation to trade or invest. Please do your own analysis. If you are reading this, let me know your views in comments or on X (Twitter). HINGLISH VERSION Sobha Ltd vartamaan mein 3 ki Wave V shuroo kar rahee hai jo 2720-50 (1630 kee vartamaan keemat se 65%+) kee taraf badh rahi hai jaisa ki chart mein dekh sakte hain. Do staron (2720 aur 2750) ko supply zone ke roop mein dikhaya gaya hai. Haalaanki, stock ke nae ATH banaane ke baad ek spasht target tay kiya ja sakta hai. Company ne haal hee mein majaboot Q2 quarter ka result aur March 2023 ke baad se sabse adhik quarterly profits darj kiya hai. Yah koee bhavishyavaanee nahin balki sambhaavit Wave count hai. Yah trade lene ya invest karne ki bhi salaah nahi hai. Kripya apana vishleshan svayan karen.
NSE:SOBHALong
by DhandhaPaani
Valor Estate Ltd.#### 1. **Price Chart Analysis (Upper Section)** - **Uptrend Channel**: The price is moving within a clearly defined upward channel, indicating a long-term uptrend. - **Support and Resistance**: - **Channel Support**: The price has touched the channel support multiple times, confirming its validity. - **Horizontal Resistance**: There is a horizontal resistance line which was recently broken, suggesting a bullish breakout. - **Chart Patterns**: - **Falling Wedge**: A falling wedge pattern is identified near the resistance breakout, which is typically a bullish pattern. The breakout from this pattern adds further confirmation to the uptrend. #### 2. **Volume Analysis (Below Price Chart)** - **Volume Spike**: There is a noticeable increase in volume coinciding with the breakout, indicating strong buying interest. - **Volume Profile**: The volume profile highlights significant trading activity at the current price levels, providing a strong support base. #### 3. **RSI Analysis (Lower Section)** - **RSI Trendlines with Breakouts**: The RSI is at 54.85, which is in the neutral zone. - **Historical Breakouts**: The chart shows several RSI breakout points. The recent RSI trendline shows a potential bullish divergence as it moves upwards, indicating increasing momentum. - **Volume Highlight**: Volume is also highlighted in the RSI section, showing correlation between volume spikes and price movement. ### Interpretation: - **Bullish Indicators**: - **Channel Uptrend**: The price consistently follows an upward channel. - **Resistance Breakout**: The breakout above the horizontal resistance and falling wedge pattern indicates a potential continuation of the bullish trend. - **Volume Support**: Strong volume during the breakout suggests institutional buying. - **RSI Neutral**: While the RSI is neutral, it is moving upward, indicating potential bullish momentum. ### Potential Actions: - **Long Position**: - **Entry Point**: Considering the breakout and uptrend channel, entering around the current price levels could be a good opportunity. - **Stop Loss**: Placing a stop loss slightly below the channel support or the recent breakout point to manage risk. - **Monitoring RSI**: Watch the RSI for any signs of reaching overbought levels or bearish divergence. ### Conclusion: The chart presents a strong bullish case with multiple confirming indicators such as the uptrend channel, breakout from resistance and falling wedge, and strong volume support. Careful monitoring and strategic entry points with appropriate risk management could capitalize on this bullish trend.
NSE:DBREALTYLong
by brijmohan_h
Sunteck-A potential rally pending in this realty stockWe have seen a massive bull run in most of Realty stocks like DLF, Oberoi, Godrejprop, etc. However, suntech has been consolidating in an inverted head and shoulders pattern for last few years. This is mainly due to poor sales numbers shown by the stock in past. 530-550 is a strong supply zone for the stock. Once we see a monthly closing above this, we can see massive upmove in the stock. Also, Q4 2024 results are amazing which can fuel the rally. Keep in watchlist. Not a recommendation.
NSE:SUNTECKLong
by chartistamey
2
DLF Is showing continues correction from upper levels Stocks to Keep in Radar for Next Week ⏩ SBIN ⏩ NMDC ⏩ BHEL ⏩ DLF DLF is forming lower lows from past few weeks now it has come around prev support level Wait for price to form price action pattern if decisively sustains outside the range of 780 to 850, directional movement could be possible However in case of Bearish pattern at higher level, it may come back to prev week's range *Election Results can create Volatility in the Maket Keep Tracking Charts *For Educational Purpose Learn & Practice Price Action setups
NSE:DLF
by Himanu_HATradeTalk1
Shree Cement : Exciting Bullish Pattern Alert! 🐂📈 Exciting Bullish Pattern Alert! 🐂 📊 Pattern: Flag & Pole 📌 Symbol/Asset: SHREECEM 🔍 Description: Stock is in a different patterns. Stock should give breakout above 27400-27500 If stock is not able to cross the Resisstance then we can see correction till the support of 24200-24300. 👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation. hashtag#cement hashtag#industry hashtag#money hashtag#stock hashtag#trading hashtag#investing hashtag#finance hashtag#realestate hashtag#nifty50 hashtag#stockmarket
NSE:SHREECEMLong
by FiveCircles
OBEROIRLTY is an attractive cheap BUY.TECHNICAL ANALYSIS OF OBEROIRLTY The LAST CLOSE PRICE of OBEROIRLTY is 958.85. The PARABOLIC SAR is showing the BUY SIGNAL with TREND as UPTREND . The FIBONACCI LEVELS analysis shows that the CLOSEST FIBONACCI LEVELS is 0.5 at the FIBONACCI STOCK PRICE LEVEL of 943.65. From here, the Key Support and Resistance levels are SUPPORT 1 at 929.75, SUPPORT 2 at 912.55 with RESISTANCE 1 and RESISTANCE 2 at 957.55 and 1002.55 respectively. The Key 50% FIBONACCI LEVEL stands at 943.65 which is the crucial Fibonacci Level determining whether the scrip will maintain the trend or not. The STOC RSI has the values K and D as 46.07 and 37.08 respectively. At this level it the status is WITHIN OVER BOUGHT AND OVER SOLD RANGE. When we look at the Moving Averages, MACD is the crucial indicator to look into. With MACD VALUE at 8.45 and 5 at 8.42 alongwith HISTOGRAM showing valus of 0.02, the STATUS is clearly BUYING CROSSOVER. The best indicator to determine the Trend Reversal is FISHER TRANSFORM and currently the values of FISHER and TRIGGER stand at 1.05 and 0.59 with signal as UPTREND. A very important factor while making the investment is to see if there has been already too much of Buying or Selling, and that are we entering too late into the transaction or not. Thus, with WILLIAM's R% value at -0.371 the STATUS is WITHIN OVER BOUGHT AND OVER SOLD RANGE. No one wants to buy costly things, and thus always look for the bargain or appropriate price levels to buy things. Same applies to Stocks, howver the only exception would be some Hot Stocks that one wants to have any price. Looking at this perspective, the P/E RATIO of the stock stands at 17.96 which signifies its Price Level to be VERY CHEAP. >>> RECOMMENDATION is : BUY. TARGET PRICE 1 = INR 957.55. TARGET PRICE 2 = INR 1002.55. STOP LOSS 1 = INR 929.75. STOP LOSS 2 = INR 912.55. Disclaimer: The following information is for educational and informational purposes only and should not be construed as financial advice or a recommendation to buy, sell or hold any stock or investment. Technical analysis is a method of evaluating securities by analyzing statistics generated by market activity, such as past prices and volume. However, the future performance of a stock or investment cannot be guaranteed based on technical analysis alone, and other factors, such as economic conditions and company fundamentals, should be considered when making investment decisions. Before making any investment decisions, please consult with a licensed financial advisor and conduct your own research to determine if an investment is suitable for your individual circumstances and risk tolerance. Past performance is not indicative of future results, and investing involves risk, including the possible loss of principal.
NSE:OBEROIRLTYLong
by finogent
2
SOBHA, another realty stock with great potential. a good pick.Hello traders, Previously an idea was posted on godrejprop, this is another realty stock at a good dip as well with a great potential. the realty sector is expected to boom in 2023. let us look onto a short note on fundamentals of SOBHA. A short description of the company: Sobha Limited, incorporated in 1995, is a real estate developer engaged in construction to operations of townships, housing projects, commercial premises, and other related activities. The Co. is also engaged in manufacturing activities related to interiors, glazing and metal works, and concrete products. Key points to note: Real Estate (64% of the revenue, FY21)- It includes the sale of housing and commercial leasing of properties. Contractual and Manufacturing (36%)- It comprises the development of commercial premises and other related activities, including manufacturing activities related to interiors, glazing and metal works, and concrete products. Corporate Clients Co.‘s corporate clients include LuLu group, Biocon, Dell, Bosch, Syngene, Taj Hotels, HCL, ITC Hotels, Huawei Technologies, and many more. Self-reliance through Backward Integration It is the only company in the sector to have a full-fledged backward integrated model of operations. Under the backward integration model, the Co. has three manufacturing divisions - Glazing and Metal Works, Interiors and Concrete Products which are used for the manufacturing of houses. It also has a very high-end mattress manufacturing unit under the brand name Sobha Restoplus, started in 2007. High Concentration in Bengaluru Sobha has a presence in the residential segment in 10 cities and its overall footprint extends to 27 cities in 14 states across India. However, the company derives 67% of the revenue only from Bangalore. Commercial Portfolio As of Mar 2020, the Co. had two commercial malls in this business vertical, the "Sobha City" Mall in Thrissur with a total developable area of 0.44 million square feet, and the “One Sobha” mall in Bangalore with a total developable area of 0.23 million square feet. Ongoing Projects As of FY21, the company has real estate projects aggregating 30.11 million square feet of developable area. It has 5.64 million square feet of ongoing contractual projects which are under various stages of construction. New Project Launched in FY21 SOBHA launched new projects to the tune of 2.89 million square feet during FY21. The Company opened its first flagship retail showroom under the 'metercube' brand with an area of 29,526 square feet at Bengaluru. Healthy Order Book The company has received orders worth Rs. 2,126 crore only from the Contractual and Manufacturing segment, which is 1.4 times the FY2020 revenues from the segment. Capex incurred in FY20 and FY21 In FY20, Co. added 239 Cr in the Fixed Assets, mainly on scaffolding items and additions to Plant and Machinery and it incurred a Capex of 15 Crores in FY 21. Also SOBHA has recorded its highest ever sales in volume and value wise as its Q3 sales booking rise 36%. The average price realisation improved to Rs 9,650 per square feet, up 21.9 per cent from the corresponding quarter of last year. Achieved highest-ever quarterly sales volume of 1.47 million square feet, with an increase of 11.6 per cent compared to the previous year. During April-December period of this fiscal, Sobha Ltd's sales bookings rose to Rs 3,734.4 crore from Rs 2,760.6 crore a year ago. In the first nine months of this fiscal, the company achieved total sale of 4.17 million square feet, an increase of 16.9 per cent over the preceding year. ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ if you look at the charts, there is a reversal from a strong support/resistance zone and is looking good to buy at cmp. if we also look onto the longer timeframe, there has been observed a darvas box consolidation breakout and the stock is currently giving a retest. Given below are the links of my ideas of my other long term picks that are recently posted. Do check it out :) Market has crashed so few of our stocks have corrected from our entry prices. Don't worry, these companies are fundamentally good and therefore we can keep accumulating on dips. As always, simple and neat charts so everyone can understand and not make it too complicated. Will be posting more such ideas like this. Until that, like share and follow :) check my other ideas to get to know about all the successful trades based on price action. Thanks, Aniket. keep learning and keep earning.
NSE:SOBHALong
by Aniketyourtechnicalanalyser
2
GODREJPROP, buy the dip? Realty sector expected to boom.Hello traders, this is another stock which is at dip, and has great potential for upmove in the long run, is it the right time to buy the dip? Let us look onto the fundamental analysis of GODREJPROP. Do note that although I haven't mentioned most of the information, but a short note so that you can check out important points and it will take less time :) realty sector is expected to boom as finance minister is thinking to give budget boost to realty sector. godrejprop is one of the best stocks in realty sector with a market cap of 33,358 cr, and is now at long term support. A short description about the company: Godrej Properties Limited (GPL) is the real estate development arm of the Godrej Group, which was started in 1897 and is today one of India’s most successful conglomerates. Godrej Properties brings the Godrej Group philosophy of innovation, sustainability, and excellence to the real estate industry. If you look at the consolidated financial statements of the company over the last 5 years: Over the last 5 years, revenue has grown at a yearly rate of 8.33%, vs industry avg of 1.51% Over the last 5 years, market share increased from 3.09% to 4.14% Over the last 5 years, net income has grown at a yearly rate of 11.25%, vs industry avg of 10.31% Over the last 5 years, Industry current ratio has been 146.22%, vs industry avg of 133.65% the company also has a higher EPS (Earnings Per Share) indicating a high profitability. Expected earnings growth of 90.98% for next year is more than last 3 year CAGR earnings growth of 3.73% The Co. focuses on creating a healthy project pipeline. While continuing its focus on the four key markets of Mumbai, National Capital Region, Bengaluru and Pune, the company is now also looking to enter peripheral markets and tier 2 cities through plotted developments. Also, The company has the lowest bank funding cost of 5.95% p.a. in the sector due to its robust financial position and the goodwill of the company for being a part of Godrej Group. Pros of the company at current scenario: * Company is expected to give good quarterly results. * Debtor days have been improved from 74.2 to 38.3 days. this is the latest News about godrejprop : Godrej properties has sold over 1 million square feet of area at the launch of a new project, Celeste, in its township, Godrej Garden City, in Ahmedabad. The company has sold 870 homes with a booking value of approximately Rs 435 crore since the project was launched in October, last year, it said in a statement. The project covers nearly 2.3 hectares and includes 8 towers which offer homes and retail outlets of various configurations. It also has a wide range of state-of-the-art amenities covering social, health, and leisure requirements across age groups. If you look at the charts, the stock is at a 4 year old long term support zone, and it expected to give reversal. also the stock is near 52 week lows. Given below are the links of my ideas of my other long term picks that are recently posted. Do check it out :) Market has crashed so few of our stocks have corrected from our entry prices. Don't worry, these companies are fundamentally good and therefore we can keep accumulating on dips. As always, simple and neat charts so everyone can understand and not make it too complicated. Will be posting more such ideas like this. Until that, like share and follow :) check my other ideas to get to know about all the successful trades based on price action. Thanks, Aniket. keep learning and keep earning.
NSE:GODREJPROPLong
by Aniketyourtechnicalanalyser
1
Oberoi Realty Breakout Analysis !!📈 Oberoi Realty Ltd. 📉 This Stock broke out from a Down Trending Trendline zone after testing three times. It was in consolidation inside Triangle Pattern since last six months and today that ended on long side So I am biased on long side as todays candle closed is strong green. On Buy Side I am looking for Targets of 977 and 1036. StopLoss should be kept at 888. It offers 1:2 Risk Reward. All Important Supports and Resistances are drawn in chart. All levels are on closing basis. Please have a look and revert back if you need some more study on it. Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
NSE:OBEROIRLTYLong
by ShelendrAgrawal
Godrej Properties Chart Analysis !!📈 Godrej Properties 📉 This Stock Broke out from a resistance zone of 1600-1640 which was tested several times and today managed to close above it with green candle. This chart can be a long term proposition to go for because most favourable risk reward it’s offering with good base building also done on lower levels. Bias - Long Target - 1781, 1979, 2098, 2241, 2445 SL - 1525 RR- 1:5 All Important Supports and Resistances are drawn in chart. All levels are on closing basis. Please have a look and revert back if you need some more study on it. Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
NSE:GODREJPROPLong
by ShelendrAgrawal
A NEW BULLISH MOVE IN EVERESTIND???VK2413 #MONDAY# NSE:EVERESTIND BUY :- EVERESTIND !!! { TARGET:-724-750 SL:-608 }; WHY ONLY EVERESTIND ?? { <#EVERESHIND> VOLUME on past week is higher compared to its past month. It broke its all time high on 18/02/2022 with huge momentum and volume. But due to negative sentimental of RUSSIA-UKRAINE WAR it failed to hold. Even an INVERTED-HAMMER CANDLE was formed on 23/02/2022, since on next day RUSSIA DECLARED WAR ON UKRAINE Sentimental hit the stock it had a fall roughly around 10%. but Its FUNDAMENTALS are strong. FII increased their stakes during DEC-Quarter i.e. ,from 1.85% to 3.2%(NEARLY-DOUBLED). Once WAR over it will shoot higher ,have it on your radar. According to my research and knowledge, it's going to boom for Short-Term. } Like👍 , Follow🥰 ,🙏 Share love ❤️ ; } HAPPY TRADING;
NSE:EVERESTIND
by VK2413
Ultracemco, Bullish viewCement sector has gone under time wise and price wise correction form the past 10 days. Also the recent launch of Gati mission by Hon’ble PM, expands the horizon of infrastructure development in India which would aid - 1. Efficient Logistical support 2. Enable better mobility and connectivity 3. Promote local trades 4. Real Estate development as whole. These factors combined can boost the cement sector significantly. Ultratech Cement being the leader will stretch out first in race. The current 1.2 mtpa addition in capacity by Ultractech will also enable it to capture larger marker and fulfil the quality demand in the sector. CMP: 7350 Positional trade through Cash or F&O means, Target: 7600; 7800; 8000+ (Always trail the profits) SL 7190/-
NSE:ULTRACEMCOLong
by ashu1111111111
CAN SOBHA BE THE NEXT MULTIBAGGER OF REALTY SECTOR?MARKET ANALYSIS: Very Bullish SECTOR ANALYSIS: Most Rewarding Sector in the past Quarter. Extremely bullish once it crosses 600-650 levels. STOCK: Has the potential to break the trendline which has provided resistance for the past 10 years and once it breaks with good volumes SOBHA can head towards the lifetime high of 1250 levels and thereafter turn into a multibagger ( In between it can retrace and consolidate before the trendline breakout) Disclaimer: This is not a BUY/SELL recommendation.It is just for educational purpose and I am not responsible for your profits/losses. FOLLOW me for more such content ahead. Till then, Happy Trading :)
NSE:SOBHALong
by keshevdugar
11