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SOBHA

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
Sobha LtdAll important points are marked. 𝐃𝐢𝐬𝐜𝐥𝐚𝐢𝐦𝐞𝐫: 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐢𝐧 𝐬𝐞𝐜𝐮𝐫𝐢𝐭𝐢𝐞𝐬 𝐦𝐚𝐫𝐤𝐞𝐭 𝐚𝐫𝐞 𝐬𝐮𝐛𝐣𝐞𝐜𝐭 𝐭𝐨 𝐦𝐚𝐫𝐤𝐞𝐭 𝐫𝐢𝐬𝐤𝐬, 𝐫𝐞𝐚𝐝 𝐚𝐥𝐥 𝐭𝐡𝐞 𝐫𝐞𝐥𝐚𝐭𝐞𝐝 𝐝𝐨𝐜𝐮𝐦𝐞𝐧𝐭𝐬 𝐜𝐚𝐫𝐞𝐟𝐮𝐥𝐥𝐲 𝐛𝐞𝐟𝐨𝐫𝐞 𝐢𝐧𝐯𝐞𝐬𝐭𝐢𝐧𝐠. 𝐒𝐭𝐨𝐜𝐤𝐬 𝐬𝐮𝐠𝐠𝐞𝐬𝐭𝐞𝐝 𝐢𝐧 𝐭𝐡𝐢𝐬 𝐠𝐫𝐨𝐮𝐩 𝐚𝐫𝐞 𝐟𝐨𝐫 𝐞𝐝𝐮𝐜𝐚𝐭𝐢𝐨𝐧 𝐩𝐮𝐫𝐩𝐨𝐬𝐞. 𝐖𝐞 𝐝𝐨𝐧𝐭 𝐦𝐚𝐤𝐞 𝐚𝐧𝐲 𝐩𝐫𝐨𝐟𝐢𝐭𝐬 𝐟𝐫𝐨𝐦 𝐭𝐡𝐢𝐬 𝐫𝐞𝐜𝐨𝐦𝐦𝐞𝐧𝐝𝐚𝐭𝐢𝐨𝐧𝐬 𝐞𝐯𝐞𝐫𝐲𝐭𝐡𝐢𝐧𝐠 𝐬𝐡𝐚𝐫𝐞𝐝 𝐡𝐞𝐫𝐞 𝐚𝐫𝐞 𝐜𝐨𝐦𝐩𝐥𝐞𝐭𝐞𝐥𝐲 𝐨𝐟 𝐟𝐫𝐞𝐞 𝐨𝐟 𝐜𝐨𝐬𝐭.
NSE:SOBHALong
by sreekumars
Crossover Trade - SOBHA📊 Script: SOBHA 📊 Sector: Realty 📊 Industry: Construction Key highlights: 💡⚡ 📈 Script is trading at upper band of BB. 📈 MACD is giving crossover . 📈 Double Moving Averages are giving crossover. 📈 Right now RSI is around 63. 📈 One can go for Swing Trade. ⏱️ C.M.P 📑💰- 1946 🟢 Target 🎯🏆 - 2113 ⚠️ Stoploss ☠️🚫 - 1860 ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂
NSE:SOBHALong
by radha_23
2
SOBHA | Multiyear Breakout📊 DETAILS Sector: Construction - Residential & Commercial Complexes Mkt Cap: 14,102 cr 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. TTM PE : 155.53 (High PE) Sector PE : 115.58 Beta : 1.19 📚 INSIGHTS Strong Performer Stock with consistent financial performance, quality management, and strong technical momentum indicating good investor enthusiasm. Currently valued at Good to expensive valuation 5.67% away from 52 week high Outperformer - Sobha up by 6.84% v/s NIFTY 50 up by 3.48% in last 1 month 📈 FINANCIALS Piotroski Score of 5/9 indicates Average Financials Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst. If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you. 🔍 More Analysis & Trade Setups 🔍 For more technical analysis and trade setups, make sure to follow me on TradingView: www.tradingview.com
NSE:SOBHALong
by Munish_Jain
SOBHA - Breakout Setup, Move is ON..NSE:SOBHA ✅ #SOBHA trading above Resistance of 1586 ✅ Next Resistance is at 1940 Related charts: Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:SOBHALong
by Sandeep_Aggarwal
Sobha Limited - Long Setup, Move is ON...#SOBHA trading above Resistance of 1049 Next Resistance is at 1624 Support is at 963 Here is previous chart: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:SOBHALong
by MandeepSinghKohli
SOBHA - Long Setup, Move is ON..NSE:SOBHA ✅ #SOBHA trading above Resistance of 1188 ✅ Next Resistance is at 1586 Related charts: Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:SOBHALong
by Sandeep_Aggarwal
SOBHA - Long Setup, Move is ON..NSE:SOBHA ✅ #SOBHA trading above Resistance of 1024 ✅ Next Resistance is at 1188 Related charts: Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:SOBHALong
by Sandeep_Aggarwal
2
SOBHA - Long Setup, Move is ON..NSE:SOBHA ✅ #SOBHA trading above Resistance of 902 ✅ Next Resistance is at 1024 Related charts: Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:SOBHALong
by Sandeep_Aggarwal
SOBHASOBHA:- Wait for a proper breakout in the stock, it can show upside movement as soon as it gives a breakout. Hello traders, As always, simple and neat charts so everyone can understand and not make it too complicated. rest details mentioned in the chart. 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, Ajay. keep learning and keep earning.
NSE:SOBHALong
by AjayDhakad_Keep_it_simple
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
This is the Stock which will give you profit - SOBHA LTDHello Everyone, today i am going to tell you about Sobha and how this can make you profit as you can see that it has came towards the trendline and shown a little strength to move up and if you go to weekly you will feel it's bullish as it has broke the 50 and the 200 sma btw i am having two more stocks or if you want more swing stocks like the Astral like this if you want an idea on it and are you interested or not in this let me tell in the comments. thank you Bye
NSE:SOBHALong
by MAYANKTECHRESEARCHING
SOBHA - Ichimoku Bullish Breakout Stock Name - SOBHA Limited Ichimoku Cloud Setup : 1). Today's close is above the Conversion Line 2). Future Kumo is Turning Bullish 3). Chikou span is slanting upwards All these parameters are showing bullishness at CMP and more bullishness AFTER crossing psychological Level of 700 #This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market. # Cloud Trading # Ichimoku Cloud # Ichimoku Followers I hope you all like my analysis. Please do share your thoughts into comment section.
NSE:SOBHALong
by nikunjbhadja
4