SOBHA - CMP: 527After strong recovering from bottom, It has given v.strong breakout of wedge pattern on the chart. All oscillators and Indicators on daily and weekly chart indicating bullish bios. Increasing delivery volume also conforming bullish movement of the stock. We can expect short term target of 570, Mid Term target of 690. Long term investors can also hold for longer target above 850, 1050.
SOBHA
Nifty realty segment may lead the market for coming daysAlmost all the sectors have recovered post march downfall but nifty realty yet to recover.
This sector started reacting from a very strong buying zone, some of the stockes like Prestige, Sobha, DLF started showing upmove. keep an eye on realty stocks for good returns in coming days.
Below are the realty stocks with their weightage-
DLF 26.50
Godrej Properties Ltd. 22.76
Oberoi Realty Ltd. 12.31
Phoenix Mills Ltd. 12.06
Prestige Estates Projects Ltd. 8.53
Brigade Enterprises Ltd. 4.83
Indiabulls Real Estate Ltd. 4.43
Sobha Ltd. 3.38
Sunteck Realty Ltd. 2.99
Omaxe Ltd