SOBHA trade ideas
my swing picksbreak out monthly resistance and parallel channel 👍
high break out volume 👍
low volume retesting 👍
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Sobha (Long)Price Broke its Resistance Point of Rs 538..+DI Breaks its resistance point along with Price... MACD line crosses above signal line below from Zero. Volumes are Greater then50 period Moving Average..Above all Paramaters indicates Price will make new lifetime Highs. one can enter trade with strict of SL: Rs 500...
SOBHA | SIMPLE BREAKOUT TRADESimple chart & self-explanatory. Buy above 549 for targets of 676.
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SOBHASOBHA: Looking Good
Descending Triangle Pattern Breakout Sustaining/Closing Above 550
Buy Above/CMP 600 Add Every Dip
Target 700-800-900-1000+++
Positional Call
SHOBAPRICE AT A CRUCIAL LEVEL.ITS A MULTI YEAR RESISTANCE...IF IT BREAKS WE SHALL SEE A GOOD UPWWARD MOVE...
SOBHA- Stock is forming a ascending channel pattern.
- Stock sustain above 550 Next level to watch 650/700/780 levels
-Support is near 421 level on chart
SOBHA - Price SetupSOBHA is gaining strength against Nifty and can be added to watchlist for further upside.
Buy SOBHAAccording to chart anylasis this stocks trade in parallel channel and currently trade in bottom tradeline or support zone. So we can say that is the perfect for swing trade.
Buy swing : 480 to 485
Target : 500 ,525 & 550 ++
Sobha Needs correctionThe 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 | Channel / Trendline Support - Looks good for 23%SOBHA | Channel / Trendline Support - Looks good for 23%
CMP : 486
SL : 445
Target : 595
Almost 1:3 risk reward setup
