RM-COMBINATION # Price is the most important...# Only for intrady # Target Only 2 to 3 points movement.
#SOBHA has formed #Symmetricaltriangle pattern and now stock looking for more 5-50% move in coming days there is support at level 450 we can see levels of 775 in coming days
good risk: reward ration if we trail stop-loss we can get more we expect
Can the stock give a sustained close above 560 odd levels to gain more strength further? Let's see!
Still a bit weak, may get resisted at previous trendline break continuation, can take advantage of positive momentum at open to get a good r|r ratio for our risky short, If stop triggers Sobha is likely to see some sellers com in near 640 to 645,
volume breakout has been seen from last couple of month if it sustain above 580 this month u can clearly see target 770+ in coming months.
Huge Breakout done by the stock out of a 2 year Cup and Handle! More power ahead!
Stock has a minor resistance at 425, above that can do 468 in short term. Regards
Sobha has broken the support level and we can short it now . Analyse risk reward ratio . low risk high reward
High volume range breakout
Price is about to breakout from an ascending triangle formed on Sobha Ltd. Good opportunity for long entry. Enter only if price breaks out from the triangle. #Target 1: 290 #Target 2: 305 Happy Trading!!!