SOBHA trade ideas
WILL SOBHA BOUNCE FROM LINE OF CONTROL??Trade Wisely. We Can Just Predict.
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Sobha LongSobha Realty is trading in range for past few days keep eye on 570 level to buy stop 560 target 600 to 615.
Buy at 570
Stop loss 560 keep 5 points buffer
Target 600 to 615
SOBHAIn the Weekly Chart of SOBHA ,
we can see that, it is holding its position at support and have made a Bullish candle.
Up move is expected from here.
SOBHA, another realty stock with great potential. a good pick.Hello traders,
Previously an idea was posted on godrejprop, this is another realty stock at a good dip as well with a great potential.
the realty sector is expected to boom in 2023.
let us look onto a short note on fundamentals of SOBHA.
A short description of the company:
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.
Key points to note:
Real Estate (64% of the revenue, FY21)- It includes the sale of housing and commercial leasing of properties.
Contractual and Manufacturing (36%)- It comprises the development of commercial premises and other related activities, including manufacturing activities related to interiors, glazing and metal works, and concrete products.
Corporate Clients
Co.‘s corporate clients include LuLu group, Biocon, Dell, Bosch, Syngene, Taj Hotels, HCL, ITC Hotels, Huawei Technologies, and many more.
Self-reliance through Backward Integration
It is the only company in the sector to have a full-fledged backward integrated model of operations.
Under the backward integration model, the Co. has three manufacturing divisions - Glazing and Metal Works, Interiors and Concrete Products which are used for the manufacturing of houses. It also has a very high-end mattress manufacturing unit under the brand name Sobha Restoplus, started in 2007.
High Concentration in Bengaluru
Sobha has a presence in the residential segment in 10 cities and its overall footprint extends to 27 cities in 14 states across India. However, the company derives 67% of the revenue only from Bangalore.
Commercial Portfolio
As of Mar 2020, the Co. had two commercial malls in this business vertical, the "Sobha City" Mall in Thrissur with a total developable area of 0.44 million square feet, and the “One Sobha” mall in Bangalore with a total developable area of 0.23 million square feet.
Ongoing Projects
As of FY21, the company has real estate
projects aggregating 30.11 million square feet
of developable area. It has 5.64 million square
feet of ongoing contractual projects which
are under various stages of construction.
New Project Launched in FY21
SOBHA launched new projects to the tune
of 2.89 million square feet during FY21.
The Company opened its first flagship retail showroom under the 'metercube' brand with an area of 29,526 square feet at Bengaluru.
Healthy Order Book The company has received orders worth Rs. 2,126 crore only from the Contractual and Manufacturing segment, which is 1.4 times the FY2020 revenues from the segment.
Capex incurred in FY20 and FY21
In FY20, Co. added 239 Cr in the Fixed Assets, mainly on scaffolding items and additions to Plant and Machinery and it incurred a Capex of 15 Crores in FY 21.
Also SOBHA has recorded its highest ever sales in volume and value wise as its Q3 sales booking rise 36%.
The average price realisation improved to Rs 9,650 per square feet, up 21.9 per cent from the corresponding quarter of last year.
Achieved highest-ever quarterly sales volume of 1.47 million square feet, with an increase of 11.6 per cent compared to the previous year.
During April-December period of this fiscal, Sobha Ltd's sales bookings rose to Rs 3,734.4 crore from Rs 2,760.6 crore a year ago.
In the first nine months of this fiscal, the company achieved total sale of 4.17 million square feet, an increase of 16.9 per cent over the preceding year.
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if you look at the charts, there is a reversal from a strong support/resistance zone and is looking good to buy at cmp.
if we also look onto the longer timeframe, there has been observed a darvas box consolidation breakout and the stock is currently giving a retest.
Given below are the links of my ideas of my other long term picks that are recently posted. Do check it out :)
Market has crashed so few of our stocks have corrected from our entry prices. Don't worry, these companies are fundamentally good and therefore we can keep accumulating on dips.
As always, simple and neat charts so everyone can understand and not make it too complicated.
Will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Aniket.
keep learning and keep earning.
SOBHASOBHA:- Cup and handle pattern is made keep your eye on stock
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
Sobha retesting at fib levelNSE:SOBHA took support at 0.6 which is at 481.65 now its retesting at 0.5 (around 575)
Take position after breaking trend line
target1 - around 640
target2 - around 950
Sobha (fundamentally and Technicaly Annalise for long term)Stock Currently retested shark pattern .
Fundamentally stock have potential to move 50% upside .
(For short player can exit at Target 1 long term player hold for near Target 2)
*Before taking any position check your self 😉
sobha ltd target@750Sobha Ltd
Entry Level 580-585
Target Rs 750-780 @30% Profit
Sl - 520-525 @5% Loss
#Sobha looking good for upside#Sobha looking good for upside
CMP:670 @ 6 Dec 2022
Disclaimer: This is not an investment recommendation, advice, research report, or stock tip of any nature. We are doing this only to understand how to read chart and technicals. Strictly for educational purposes only.
This is the Stock which will give you profit - SOBHA LTDHello Everyone, today i am going to tell you about Sobha and how this can make you profit as you can see that it has came towards the trendline and shown a little strength to move up and if you go to weekly you will feel it's bullish as it has broke the 50 and the 200 sma btw i am having two more stocks or if you want more swing stocks like the Astral like this if you want an idea on it and are you interested or not in this let me tell in the comments.
thank you Bye
SOBHA: Intraday Rectangular BreakoutReason: A 15 days range breakout in 30m chart with very high volume spike.
Trade:
BUY at 640.
SL: 625
T: 655/670.
It's good time to buy Sobha Exit if break down 55 moving average. Anyone can long position in this stock this stock in on 52 weak high most probably chance to giving better returns.
SOBHA
CMP: 661
- Took a small pause after moving 25% in the last 3 trading days
- Yesterday Doji candle and today an NR7 candle
Expecting Breakout ✌✌This scrip is expected to give breakout in the coming days. So traders keep this scrip on your radar to catch the momentum. Thanks to all 🙏🙏🙏
Long Sobha, Move is ON..Target 1 achieved in #Sobha . It is still looking strong, so target is further revised.
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.
SOBHA - Ichimoku Bullish Breakout Stock Name - SOBHA Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at CMP
and more bullishness AFTER crossing psychological Level of 700
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
I hope you all like my analysis.
Please do share your thoughts into comment section.
SOBHA- Bulls Counter AttackSOBHA- Bulls Counter Attack, potential up move as long as it sustains above 622 on closing basis. Target of 691 & 773.
