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...
SOBHA:- Cup and handle pattern is made keep your eye on stock
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...
Hello 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...
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...
Wait for a pull back or huge breakout and enter. it has given great returns in just few days. Perfectly aligned to the trend line. can easily hold and enjoy the returns in long term. MACD at recovery, RSI in Overbought zone. Keep this in your radar and look out for entry points.
After consolidating for almost 30 days SOBHA broke previous high of 848 and close at ~884.
We have good support in 645-670 range.
RS is bullish > 0.1.
If it holds above 850 we can see 35-40% upside move also realty sector is very bullish.
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...
Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
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.