Sobha Ltd for 65%+ gains
Date: 23 Nov’24
Symbol: SOBHA
Timeframe: Weekly
Sobha Ltd currently seems to be starting Wave V of 3 which is heading towards 2720-50 (65%+ from its current price of 1630) as seen in the chart. Two levels (2720 & 2750) have been marked as supply zone. However, a clearer target can be pinned once the stock makes a fresh ATH.
The company has recently posted strong Q2 numbers and highest quarterly profits since March 2023.
This is not a prediction but a possible wave count. This is also not a recommendation to trade or invest. Please do your own analysis. If you are reading this, let me know your views in comments or on X (Twitter).
HINGLISH VERSION
Sobha Ltd vartamaan mein 3 ki Wave V shuroo kar rahee hai jo 2720-50 (1630 kee vartamaan keemat se 65%+) kee taraf badh rahi hai jaisa ki chart mein dekh sakte hain. Do staron (2720 aur 2750) ko supply zone ke roop mein dikhaya gaya hai. Haalaanki, stock ke nae ATH banaane ke baad ek spasht target tay kiya ja sakta hai.
Company ne haal hee mein majaboot Q2 quarter ka result aur March 2023 ke baad se sabse adhik quarterly profits darj kiya hai.
Yah koee bhavishyavaanee nahin balki sambhaavit Wave count hai. Yah trade lene ya invest karne ki bhi salaah nahi hai. Kripya apana vishleshan svayan karen.
Symbol: SOBHA
Timeframe: Weekly
Sobha Ltd currently seems to be starting Wave V of 3 which is heading towards 2720-50 (65%+ from its current price of 1630) as seen in the chart. Two levels (2720 & 2750) have been marked as supply zone. However, a clearer target can be pinned once the stock makes a fresh ATH.
The company has recently posted strong Q2 numbers and highest quarterly profits since March 2023.
This is not a prediction but a possible wave count. This is also not a recommendation to trade or invest. Please do your own analysis. If you are reading this, let me know your views in comments or on X (Twitter).
HINGLISH VERSION
Sobha Ltd vartamaan mein 3 ki Wave V shuroo kar rahee hai jo 2720-50 (1630 kee vartamaan keemat se 65%+) kee taraf badh rahi hai jaisa ki chart mein dekh sakte hain. Do staron (2720 aur 2750) ko supply zone ke roop mein dikhaya gaya hai. Haalaanki, stock ke nae ATH banaane ke baad ek spasht target tay kiya ja sakta hai.
Company ne haal hee mein majaboot Q2 quarter ka result aur March 2023 ke baad se sabse adhik quarterly profits darj kiya hai.
Yah koee bhavishyavaanee nahin balki sambhaavit Wave count hai. Yah trade lene ya invest karne ki bhi salaah nahi hai. Kripya apana vishleshan svayan karen.
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