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.
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$ETH Flag Pattern Alert: Below $2000 or Above $3300 for Bull RunCRYPTOCAP:ETH Flag Pattern Alert: Below $2000 or Above $3300 for the Next Bull Run
Bullish Outlook: #Ethereum is forming a bullish flag pattern, but the real confirmation will come with a breakout above $3300. Until then, don't fall for potential fakeouts.
Entry Strategy: Consider buying below $2000 if prices dip. A sustained breakout above $3300 could propel #ETH toward $10,000.
Support: $2200/$1500
Resistance: $3300/$4000
Watch Out: Keep a close eye on price action before making high-leverage trades.
Solana Price Analysis: Will SOL Rally To $500 In Current BullRun#SOLANA/USDT Chart Analysis
HTF Perspective: The SOLANA chart looks extremely bullish on the higher timeframe (HTF). A bullish Cup & Handle pattern is emerging, signaling a potential massive upward trend.
Cup & Handle Pattern: According to my analysis, the Cup has already been completed, and we are awaiting the formation of the Handle. The handle's bottom is likely to form around $50, which presents a great opportunity to accumulate SOLANA in large quantities.
Key Takeaways:
➡ The cup pattern is completed, and the handle pattern is in the works.
➡ The handle bottom could form around $50, presenting a prime buying opportunity.
➡ Once the handle pattern completes, a significant upward move is likely.
➡ Long-term targets are around $500 to $1000.
Price Levels:
➡ Strong Support: $84/$46
➡ Resistance: $200
Current Update: I initially highlighted this pattern when CRYPTOCAP:SOL was trading at $190, and now it's touched $116. If you booked profit at the top, well done!
Disclaimer: This is not financial advice. Do your own research before investing in any cryptocurrencies.
Gold grinds within the falling wedge ahead of the US NFPGold price brace for the second consecutive weekly loss despite downbeat US Dollar performance. In doing so, the precious metal seesaws between the 50-SMA and the 200-SMA while posting mild intraday losses within a two-week-old falling wedge bullish chart formation. That said, cautious sentiment ahead of the monthly US employment report and sluggish oscillators restrict the XAUUSD’s immediate moves within the bullish chart pattern. It should be noted that a downside break of the 200-SMA level of $2,289 will direct the sellers toward the stated wedge’s bottom line surrounding $2,278, a break of which will defy the bullish chart formation and can drag the commodity prices toward the early April swing high of around $2,265.
On the contrary, a convergence of the 50-SMA and the previously stated falling wedge’s top line, close to $2,319-20, appears a tough nut to crack for Gold buyers. Following that, the late April swing high of around $2,353 and the $2,400 threshold will lure the XAUUSD bulls. In a case where the Gold buyers remain confident past $2,400, the theoretical target of the falling wedge confirmation, near $2,440, will be in the spotlight.
Overall, Gold portrays bullish consolidation ahead of the key US employment data, despite the US Dollar’s downbeat performance.
POPCAT/USDT Forming Bull Flag: Expecting Target $2Popcat ($POPCAT) Soars to New High: $0.576625
Popcat, the first cat-themed coin to hit a billion-dollar market cap, has reached a new all-time high of $0.576625
Thanks to its unique positioning and strong community backing, #POPCAT has seen rapid growth, and many believe it could soon hit $1.
While the market is volatile, the Popcat community is buzzing with excitement and optimism!
Chart Analysis:
According to the chart, POPCAT has formed a bullish flag and completed a breakout, suggesting a 250% potential gain from the breakout level. It could reach $1.80 soon, but remember to set your stop loss.
Stop Loss: $0.4390
Note: This is a high-risk coin, already up 500% in just 13 days. Avoid investing big money.
Let's see how Popcat performs in the coming days!
KfinTech Breakout🚀Hey Family, there is a one more stock Which is showing a great opportunity and forming Symmetrical and Ascending Triangle Pattern, Stock break's resistance zone let's see breakout sustain or not. what is your view please comment it down and also boost the idea this help to motivate us. We are Certified. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature.
IndiaMart 3 year Breakout trying 📈Hey Family, there is a one more stock Which is showing a great opportunity and forming Symmetrical Triangle Pattern in weekly TF In daily TF it's consolidation zone, If Stock break's resistance zone then let's see breakout sustain or not.
What is your view please comment it down and also boost the idea this help to motivate us. We are Certified. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature.
BPCL Breakout🚀Hey Family, there is a one more stock Which is showing a great opportunity and forming range and Descending Triangle Pattern, Stock break's resistance zone let's see breakout sustain or not. what is your view please comment it down and also boost the idea this help to motivate us. We are Certified. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature.
Xauusd Important Levels BreakoutHey Family, Xauusd is showing a great opportunity and forming Symmetrical triangle Pattern, let's see breakout sustain or not. what is your view please comment it down and also boost the idea this help to motivate us. We are Certified. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature.
XAUUSD Important LevelsHey Family, Here is a today Gold important levels, Which is showing a great opportunity and forming channel Pattern, Gold is near resistance zone let's see if there is breakout sustain or not. what is your view please comment it down and also boost the idea this help to motivate us. We are Certified. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature.
FTX Sells $230M in Solana Tokens Amid Recovery EffortsSOLANA Urgent Update: FTX Sells $230M in Solana Tokens Amid Recovery Efforts
➡️ SOL Sale Details:
▪️Amount Sold: 1.8 million #Solana tokens
▪️Buyers: Galaxy Trading and Pantera Capital
▪️Price Range: $95 to $110 per token
▪️Unlocking Period: 4 years
➡️ Market Chart Analysis Update:
▪️Current Chart Analysis: CRYPTOCAP:SOL is showing bearish signs, struggling to maintain above $127.
▪️Potential Downside: If it breaks below $127, prices could drop to between $70-$80.
▪️Historical Note: #SOL was priced at just $8 about a year ago.
▪️Important Note: Keep an eye on the red trend line; crossing it could mean Solana becomes super bearish.
➡️ Discussion Point:
Could Solana hit $50? What are your thoughts given the current market conditions and recent sales?
Join the discussion and share your views!
ENA/USDT Ready to Upward move toward $2.5 ( 200% )ENA/USDT Chart Analysis Update
XETR:ENA has just made a significant move, breaking through the resistance line of a bullish flag pattern. This breakout is a crucial indicator of potential upward momentum in the near future.
Breakout Point: $0.89 ✅
We're now watching closely for a retest of the breakout level to confirm the strength of this move. If the retest is successful, we anticipate further bullish activity.
Target: $2.50
This target is set based on the dimensions of the bull flag pattern, projecting substantial growth.
Stop Loss: $0.78
To manage risk effectively, a stop loss has been set just below the recent support level.
#NIFTY Intraday Support and Resistance Levels -30/04/2024Nifty will be gap up opening in today's session. After opening nifty sustain above 22650 level and then possible upside rally up to 22770 level in today's session. in case nifty trades below 22610 level then the downside target can go up to the 22490 level.
#Aptos Price Analysis: From Symmetrical Triangle to $100 APT/USDT Technical Analysis Update
➡️ Current Situation:
APT price was recently rejected at the resistance level of its previous all-time high. Observations on the higher time frame (HTF) charts indicate the formation of a symmetrical triangle. After a breakout, the price is currently retesting at the support level.
➡️ Key Support Zone:
The strong support zone and recommended entry levels are between $9 and $7.50 (spot trading). This provides a favorable risk-reward setup for potential entries.
➡️ Long-Term Outlook:
In my opinion, Aptos (APT) holds the potential to reach $100 in the long term. This makes my long-term target for APT a solid $100.
➡️ Short-Term Targets:
$18
$30
$48
These targets are set based on current market dynamics and breakout patterns observed in the chart.
➡️ Risk Management - Exit Strategy:
It's crucial to manage risks by setting an exit point. If the price breaks down below the red trend line, currently around $6.50, consider exiting to preserve capital.
➡️ Market Sentiment:
The overall sentiment will need to be monitored closely, particularly how the price reacts at the current support level. Maintaining a flexible approach will be key as market conditions evolve.
➡️ Remember:
Always do your own research (DYOR) and consider your risk tolerance when trading.
Stay Updated:
Follow for more updates and insights on cryptocurrency trading and market analysis.
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