SOBHA 1D: Superlative performance by Sobha. It had a +Ve divergence right at bottom of rounding pattern to register 40% gains in around 1 month. It is still looking very strong as retracements are very shallow. Any dip towards 650 will stand as buying opportunity as it is opening door for 800. Keep eyes.
-Achieved highest ever quarterly sales volume of 1.36 million sft – largely flat QoQ; Up 52% YoY
-Total sales value of Rs 1146 cr – up 3% QoQ; Up 68% Yo
NSE:SOBHA
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level to watch: above 680
Target:60 points only till 740
Sl: Below 680 on closing basis daily time frame
Horizon: two weeks
if not sustained 680 will fall to 530 in a month.
our view only no recommendations Watch video for detailed analysis.
Regards.
Aim for 5-10%. It can be easily achievable in 1-3 days.
My belief is to choose high winning probability trade with a risk-reward ratio going from 1:1 to 1:2.
The reason for booking profit of only 6-8% is because the market direction is not sure at this point. So better to aim for 1:1 risk-reward and rotate your money in better opportunities.
It is an analysis...
🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have...
Since it has broken its crucial resistance level, there is high probability that stock would approach its recent high. Major indicators all have bullish view at this current price level.
"Note: Above idea is for study purpose only, please consult your financial advisor before taking any position."
1. The price moved up from 747 yo a high of 980.
2. The price then hit the low of 756/759
3. A good upward move with good volume of 13 lakhs compared to previous 5 days
Read the chart carefully for trades
BO with quite good volumes today and moved up 6%...if you observe all green candles are big...red candles are small...that's a bullish trend..of course like all things in the market nobody can predict anything...we play with possibilities, and if market is green tomorrow we can expect more upside from the stock. This is just an idea, not a recommendation. Targets marked.
