SOBHA - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 4.2

Here’s a detailed technical analysis of Sobha Ltd. (SOBHA)

📊 Trend Overview

Current Trend: The stock is in a strong uptrend, having rebounded from its 50 DMA and currently trading well above both 50 DMA and 200 DMA.

Momentum: Bullish. RSI at 66.8 and MACD at 20.1 indicate strong upward momentum, though RSI is nearing overbought territory.

📈 Moving Averages

50 DMA: ₹1,521

200 DMA: ₹1,473

Current Price: ₹1,629

Interpretation: Price is comfortably above both averages, confirming a bullish trend. The rising slope of both DMAs supports continued strength.

📉 MACD & RSI

MACD: Strongly positive, signaling bullish momentum.

RSI: At 66.8, approaching overbought zone (>70), but still in a healthy range for continuation.

Conclusion: Momentum indicators support a buy-on-dips strategy, with caution near resistance.

📊 Volume Trends

Current Volume: 2.42 lakh

1-Week Avg Volume: 1.54 lakh

Interpretation: Volume surge confirms strong buying interest, possibly institutional accumulation.

📉 Bollinger Bands

Price is likely near the upper band, indicating strength but also potential short-term resistance. A breakout above ₹1,650–₹1,670 with volume would confirm continuation.

📌 Support & Resistance Levels

Level Price (₹) Commentary

Support 1 1,521 50 DMA, short-term support

Support 2 1,473 200 DMA, strong base

Resistance 1 1,670 Near-term resistance zone

Resistance 2 1,850–2,070 Major resistance zone (52w high)

🎯 Entry & Exit Zones

Optimal Entry: ₹1,520–₹1,550 (on pullback to 50 DMA with confirmation)

Exit Zone: ₹1,850–₹2,070 (partial profit booking near resistance)

🔍 Summary

Trend: Trending upward

Momentum: Strong bullish

Bias: Buy on dips

Short-Term Strategy: Accumulate near ₹1,520–₹1,550 with breakout confirmation above ₹1,670. Target ₹1,850–₹2,070 over the next few weeks.

Let me know if you'd like a visual chart setup or swing trade plan based on this!

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