Sobha formed a triangle pattern on the daily chart, waiting for a breakout with good volume. Reality stocks are looking good
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 has made the kind of star pattern on the long term charts and flag pattern on short term chart which is a clear indication of strong bullish momentum on the stock. Its good for another 20-25% of return in next 2-6 months