SOBHA - Technical Analysis

Last Updated Time : 02 Aug 25, 12:58 am

Technical Rating: 3.4

Here’s a detailed technical analysis of Sobha Ltd. (SOBHA) based on current indicators and price behavior

📊 Trend Overview

Current Trend: Rebounding from Consolidation

Price is above both 50-DMA (₹1,527) and 200-DMA (₹1,454) — bullish structure forming.

RSI (47.5): Neutral zone — momentum building but not yet strong.

MACD (30.1): Positive and rising — bullish crossover confirmed.

Volume: Slightly below average — suggests cautious accumulation.

📈 Chart Patterns & Indicators

Moving Averages

Price > 50-DMA and 200-DMA → bullish bias.

50-DMA > 200-DMA → confirms uptrend structure.

Bollinger Bands

Price near mid-band — no breakout, but room to expand.

Support Levels

₹1,527 (50-DMA)

₹1,454 (200-DMA)

₹1,400 – ₹1,420 (historical support zone)

Resistance Levels

₹1,600 – ₹1,620 (recent swing highs)

₹1,700 – ₹1,750 (next resistance band)

₹2,070 (52-week high)

🔍 Momentum Signals

Short-Term Bias: Bullish with Caution

MACD rising and price above key averages — bullish momentum.

RSI near 50 — not overbought, room for upside.

Volume slightly below average — breakout needs stronger participation.

🎯 Entry & Exit Zones

Action Price Zone (₹) Rationale

Buy Entry ₹1,525 – ₹1,545 Near 50-DMA, trendline support

Exit Target ₹1,620 – ₹1,700 Resistance zone, swing highs

Stop Loss ₹1,495 Below 200-DMA and support zone

🧠 Summary

SOBHA is showing signs of a trend reversal from consolidation to bullish momentum. Price action above key moving averages and a rising MACD support a positive outlook. However, volume needs to pick up for a sustained breakout. A tactical entry near ₹1,525–₹1,545 could offer a favorable risk-reward setup, with targets near ₹1,700.

Want to compare SOBHA’s setup with other real estate stocks or explore sector-wide trends? I can help you scan for outperformers.

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