SOBHA CMP 496.55 DATED 6.4.2021SOBHA CMP 496.55 DATED 6.4.2021
Flag Pattern breakout above 470
Volume very high.
Buy for a tgt of 650+ sl 430
It is just a view pls trade at your own risk.
SOBHA trade ideas
SOBHA: Watch out for 3Yr Expanding Channel BO abv 495! ⚡The week is still left, take decisions based on a daily basis. 495 is the so far high after covid and today's volumes are pushing so hard for this BO
Watch for a breakout or swing opportunity in SOBHAWatch for a breakout or swing trade opportunity in SOBHA.
if it breaks the major support 458-455 region then T1 can be 444.
If it bounces back from the support and breaks the trend line then good for a swing trade.
*only for educational purpose
Intraday Trade: watch for resistance breakoutbuy above 492
Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis
SOBHA CONTINUATIONSOBHA CMP 477.75
TGT 498/524/544
SL 453 ON CLBS
Disclaimer: Ideas for learning Only.
Learn Regularly. Not occasionally.
Sobha Ltd - About to Breakout!!!#sobha #weekly Above 500 will be a blast to 600-700 and even higher.
SOBHA LOOKS GOODSOBHA on the verge of a breakout !!
My view gets negated closing below 396.
TGT 436/453
Keep an eye on Muthootfin & MGL for long.
Let's see what happen....
Disclaimer: Ideas for learning Only.
Learn Regularly. Not occasionally.
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SOBHA at the cusp of a major ResistanceThe level of 345-350 has acted as Support & Resistance multiple times in the past dating back to 2014. Today's (12.17.2020) intraday chart shows the stock hit this zone for three hours during the day and just couldn't breach it. What followed was a major correction in the last hour of the day. Will bulls be able to breach this crucial zone? Or will bears win this time again and take the stock down? We'll be watching.
In the meantime, it would make sense to book some profits for the longs.
Ready for more Up moveBullish signs. 1) Triangle formation, after a good retracement to 50% FIBO. 2) In possible Wave-3 of the Elliot Wave method. 3) Bullish flag on Day chart.
SOBHA LTD - PURE PRICE ACTIONSOBHA - IN RANGE PAST MANY DAYS
WITH ANOMALY
BREAKOUT EITHER SIDE WILL GIVE GOOD RETURNS
Sobha - Triangle pattern and break. Price formed triangle pattern and it is about to break. Always it is a good entry at the support with a small stop below the pattern/ previous low. Price may resist little at 317 and it will move further.
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One Right Trade's Swing Trade Idea #176 : Long on SOBHA This is a public swing trade idea from "one right trade" and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. We would comment on any further updates on our entry, targets and stop-loss on this idea, so make sure to follow it if you want to get further updates. Our objective to help anyone who wants to learn technical analysis using charts. You can post your queries in comment section here and we will try to answer asap.
