Sobha Short Term TradeArea around 1507 is a long term support After reversing from that level the price has formed a small double bottom pattern The breakout is coupled with good vol and rise in atr as confirmation Thus, for a short term trade, tgt 1758, sl 1598 Longby zenni_101
#SOBHA Support & Resistance levels #SOBHA As of September 23, 2024, Sobha Ltd. shares are trading around €1,987 to €2,043, reflecting a strong upward trend over the past few weeks. The stock is displaying bullish momentum, with key technical indicators like the RSI maintaining strength, hovering around 60, and the breakout of a triangle pattern further suggesting the potential for upward movement. For potential bullish movement, breaking the €2,090 level would be significant. In terms of support and resistance levels: Immediate Resistance: €2,090, which is the key breakout level. Major Resistance: *2,160, which was the all-time high in June 2024. Immediate Support: €1,960 to €1,930 levels, where the stock has shown consolidation and bounced from recently. Major Support: €1,850. For a stop loss, you could place it just below ₹1,930, as this level has provided support in the recent price action. If the ₹2,090 level is breached, it may open up the possibility for further gains toward €2,160 and beyond.Longby EmpireCrown1
Sobha LtdAll important points are marked. 𝐃𝐢𝐬𝐜𝐥𝐚𝐢𝐦𝐞𝐫: 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐢𝐧 𝐬𝐞𝐜𝐮𝐫𝐢𝐭𝐢𝐞𝐬 𝐦𝐚𝐫𝐤𝐞𝐭 𝐚𝐫𝐞 𝐬𝐮𝐛𝐣𝐞𝐜𝐭 𝐭𝐨 𝐦𝐚𝐫𝐤𝐞𝐭 𝐫𝐢𝐬𝐤𝐬, 𝐫𝐞𝐚𝐝 𝐚𝐥𝐥 𝐭𝐡𝐞 𝐫𝐞𝐥𝐚𝐭𝐞𝐝 𝐝𝐨𝐜𝐮𝐦𝐞𝐧𝐭𝐬 𝐜𝐚𝐫𝐞𝐟𝐮𝐥𝐥𝐲 𝐛𝐞𝐟𝐨𝐫𝐞 𝐢𝐧𝐯𝐞𝐬𝐭𝐢𝐧𝐠. 𝐒𝐭𝐨𝐜𝐤𝐬 𝐬𝐮𝐠𝐠𝐞𝐬𝐭𝐞𝐝 𝐢𝐧 𝐭𝐡𝐢𝐬 𝐠𝐫𝐨𝐮𝐩 𝐚𝐫𝐞 𝐟𝐨𝐫 𝐞𝐝𝐮𝐜𝐚𝐭𝐢𝐨𝐧 𝐩𝐮𝐫𝐩𝐨𝐬𝐞. 𝐖𝐞 𝐝𝐨𝐧𝐭 𝐦𝐚𝐤𝐞 𝐚𝐧𝐲 𝐩𝐫𝐨𝐟𝐢𝐭𝐬 𝐟𝐫𝐨𝐦 𝐭𝐡𝐢𝐬 𝐫𝐞𝐜𝐨𝐦𝐦𝐞𝐧𝐝𝐚𝐭𝐢𝐨𝐧𝐬 𝐞𝐯𝐞𝐫𝐲𝐭𝐡𝐢𝐧𝐠 𝐬𝐡𝐚𝐫𝐞𝐝 𝐡𝐞𝐫𝐞 𝐚𝐫𝐞 𝐜𝐨𝐦𝐩𝐥𝐞𝐭𝐞𝐥𝐲 𝐨𝐟 𝐟𝐫𝐞𝐞 𝐨𝐟 𝐜𝐨𝐬𝐭.Longby sreekumars1
SOBHA is reversingSOBHA is reversing from support trend line and a consolidated zone today good green close with good volume spike Longby pubgtamizhann1
sobha reversingSOBHA price is lying at good support line. price is consolidating at support, after good green candle we can give entry.Longby pubgtamizhann0
SOBHA- REALTY sectorSOBHA is in great strength, above 720 price we can expect a good move up till 1050-1100. Let it close above the trendline.Longby tradingcultsUpdated 5
14 Years Breakout Retest Done NSE:SOBHA 14 Year Breakout Retesting Done, But we expect stock can face some resistance in the upside level and it may go in consolidation zone or we can saw a correction in the upcoming days. If it cross the resistance zone after some small consolidation then we can expect big upside movement by EqualbucksUpdated 3
Crossover Trade - SOBHA📊 Script: SOBHA 📊 Sector: Realty 📊 Industry: Construction Key highlights: 💡⚡ 📈 Script is trading at upper band of BB. 📈 MACD is giving crossover . 📈 Double Moving Averages are giving crossover. 📈 Right now RSI is around 63. 📈 One can go for Swing Trade. ⏱️ C.M.P 📑💰- 1946 🟢 Target 🎯🏆 - 2113 ⚠️ Stoploss ☠️🚫 - 1860 ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂 Longby radha_23224
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. 🔍 More Analysis & Trade Setups 🔍 For more technical analysis and trade setups, make sure to follow me on TradingView: www.tradingview.comLongby Munish_JainUpdated 43
SOBHA - Breakout Setup, Move is ON..NSE:SOBHA ✅ #SOBHA trading above Resistance of 1586 ✅ Next Resistance is at 1940 Related charts: Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. 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.Longby Sandeep_Aggarwal6
Breaking Triangle Pattern, Strong Support From 50 EMA- Triangle Pattern Breakout: Sobha has broken out of a triangle pattern, indicating a potential change in trend direction. This breakout is a bullish signal and suggests the possibility of further upside. - Rising RSI: The rising Relative Strength Index (RSI) indicates increasing strength in the stock's uptrend. This is a positive sign and supports the bullish outlook. - Support from Lower Trendline and 50 EMA: Sobha is receiving strong support from both the lower trendline of the triangle pattern and the 50-day Exponential Moving Average (EMA). This support adds to the bullish case for the stock. - Technical Outlook: - Breakout Confirmation: The breakout from the triangle pattern confirms a potential uptrend. - RSI Strength: The rising RSI suggests that buying pressure is increasing, supporting the bullish momentum. - Support Levels: The strong support from the lower trendline and the 50 EMA indicates that the stock is well-supported and may continue to rise. ### Conclusion: Sobha has broken out of a triangle pattern with support from rising RSI, indicating strength in the uptrend. The stock is also well-supported by the lower trendline and the 50 EMA. Traders and investors should consider the breakout and the supporting factors in their analysis and watch for further confirmation of the uptrend before making trading decisions.Longby MarketikUpdated 4
Sobha Swing (Momentum)It is already in uptrend and now RSI is taking support at 60, We can plan for momentum from here but keep in mind quantity should be less. #momentum #swing #investmentLongby the_abhi_shek1
Sobha Limited - Long Setup, Move is ON...#SOBHA trading above Resistance of 1049 Next Resistance is at 1624 Support is at 963 Here is previous chart: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. 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.Longby MandeepSinghKohli5
Good potential stock !!!!SOBHA given beautiful breakout in weekly TF. Look at the volume. Good opportunity to buy half qty. If it tested BO level , Can accumulate full. Only for educational purpose. Longby Naveenpothiraj1
potential tight flag pattern trading opp0rtunity in SOBHA SOBHA is forming a potential tight flag pattern in the daily time frame, the price range is tight, and volume drying in a tight price range. if a breakout happens above the tight range potential short-term trading opportunity. momentum will be high on up side. continuation pattern from the previous breakout of the flag pattern. All ideas, opinions, and/or forecasts, expressed or implied herein, are for informational purposes only and should not be construed as a recommendation to invest, trade, and/or speculate in the markets. I am not an investment advisor.by Rajachandrasekaran0
SOBHA - Long Setup, Move is ON..NSE:SOBHA ✅ #SOBHA trading above Resistance of 1188 ✅ Next Resistance is at 1586 Related charts: Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. 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.Longby Sandeep_Aggarwal5
Sobha weekly - verge of breakout 17 yr resistance Looks like breakout in upside if there is open close above 1120 in weekly candle Maintain strict stop-loss of weekly candle low of 990 Longby Magesh1560
Shoba Ltd: next immediate resistanceShoba ltd has gained more volume today and also did a breakout, looks like it is moving towards 611, lets see Target: 611Longby udhaya0000Updated 10
SOBHA GETTING READY FOR MULTIYEARS BREAKOUTThe stock is testing it's very strong resistance level. This is Multi Year Breakout Keep a watch coming week on how the price moves. A strong day closing above 1061 will be a good sign. This idea is for Educational Purpose Only. Learn & Earn, LETS GROW TOGETHER Faisal Merchant I am not SEBI registered and all Ideas posted by me are for Educational Purpose.Longby fameenterprises1
SOBHA on a breakoutSobha, Bangaluru based realtor, has given a breakout from Cup n handle formation which is a bullish formation @ 670 on 5 times 10 days average volumes. Keep a stop loss @615 and ride the ascent. First target is 756 followed by 980. A risk/reward of 1:3.35 Disclaimer:This is not a recommendation to buy or sell. This is only for educational purpose. I am not a SEBI registered analyst.Longby NACHATURUpdated 1
Sobhaltd-A big breakout possibleA substantial cup formation with noteworthy trading volume is observed in close proximity to the breakout zone, indicating the potential for a significant upward movement. The daily chart reveals a commendable consolidation phase near the breakout level, further supporting the likelihood of a substantial price surge. Wait for a breakout. Longby biplab863
SOBHA - Long Setup, Move is ON..NSE:SOBHA ✅ #SOBHA trading above Resistance of 1024 ✅ Next Resistance is at 1188 Related charts: Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. 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.Longby Sandeep_Aggarwal226
Sobha | Long Term | 33% ReturnCMP : 762 Target Price : 1024 Return : 33% Time : 6-12 months ------- Clocked its best-ever annual sales performance. Targeting 15-20% growth in gross sales bookings for FY24.Longby balaccUpdated 1