sobha chart analysis for intraday and swing trading
Simple chart & self-explanatory. Buy above 549 for targets of 676. Thank you. Leave a like if you found it helpful
Buy above 489 SL - 427 (WCB) Target - 588/650++++
The chart is forming a saw tooth pattern. If the 50 EMA support is broken, it can consolidate between 409 and 465 levels before the next move. May go further down as it is over bought and over valued on monthly charts. Wait for the correction. The price needs to be justified for investment.
SOBHA LTD. EQUITY levels ...27/05/2021 (D candle)
Strong buying position being made in Sobha above 455 level with a stoploss below 442 and a first target of 475. The demand zone looks to come into play at this level and it is expected to see the buyers take control of the trend signalled by RSI diversion. If anyone wants to enter for Intraday position the target should be 463.
After 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...
Watch for a breakout or swing trade opportunity in SOBHA. if it breaks the major support 458-455 region then T1 can be 444. If it bounces back from the support and breaks the trend line then good for a swing trade. *only for educational purpose
Bullish signs. 1) Triangle formation, after a good retracement to 50% FIBO. 2) In possible Wave-3 of the Elliot Wave method. 3) Bullish flag on Day chart.
Almost 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....
Price may rebound from current levels for target of 304. To learn patterns, visit www . harmonicstraining . com