SOBHA - showing signs of moving up furtherSOBHA - showing strong bullish candle supported by moving average going to go up further
SOBHA trade ideas
SOBHA LTD, entry for trgts of 542 / 615 / 774 ( 70%)sobha ltd, after breakout has done a retest and showing positive signs of uptrend towards 774 = 70% ,
few resistance in between at 542 / 615, where we may book and rebuy at minor corrections of 10-12%.
falling wedge sobha ltd has formed a falling wedge pattern and their is a sharp breakout
targeted price is 500
stop loss :-425
Sobha- WeeklySobha had a breakout of inverse head and shoulder, retested the zone and again moved. At great buying level currently. Can be a positional trade with 690-700+ targets in coming months.
BUY SOBHA Strong buying position being made in Sobha above 455 level with a stoploss below 442 and a first target of 475.
The demand zone looks to come into play at this level and it is expected to see the buyers take control of the trend signalled by RSI diversion.
If anyone wants to enter for Intraday position the target should be 463.
Huge breakout in sobha limited- ready for 600 levelsSobha limited crossed the consolidation zone.
it forms ABCD pattern and bollinger breakout is confirmed.
if 550 levels are sustained in coming days, 650 is possible with support of 490. Keep tracking
All the views are educational purpose only.
SOBHA - CMP: 527After strong recovering from bottom, It has given v.strong breakout of wedge pattern on the chart. All oscillators and Indicators on daily and weekly chart indicating bullish bios. Increasing delivery volume also conforming bullish movement of the stock. We can expect short term target of 570, Mid Term target of 690. Long term investors can also hold for longer target above 850, 1050.
CUP AND HANDLE FORMATION - SOBHA*THIS IS ONLY FOR EDUCATIONAL PURPOSE
THE MONTHLY CLOSE ABOVE 580 CAN TRIGGER THE STOCK TO MOVE UP FURTHER - BULLISH BREAKOUT POSSIBLE
READ THE FUNDAMENTALS FOR BETTER FORECASTING
Sobha on the runSobha 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
Sobha- Weekly breakoutSobha Ltd has broken out in weekly chart with good volumes. Can be a good buy only if the Realty sector moves as it is at a crucial juncture. This can double from here.
SOBHA Weekly Analysis Positional View NSE:SOBHA Levels are Mentioned in the chart... Look for swing/med/long term...
Note:
1. Views are personal. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline not the big target...
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SOBHA LTDThis stock has given breakout from a flag pattern after a long consolidation with good amount of volume. It has also given closing above 50 SMA. Buy above 515, SL 450, Tgt 8 to 10%. For educational purpose only. Kindly contact your financial advisor before entering any trade.
