Published on 13/01/2020 2:16:54 PM | Source: HDFC Securities Ltd

Momentum Pick Of Buy Sobha Ltd For Target Rs.470 - HDFC Securities

Posted in Broking Firm Views - Short Term Report| #Real Estate Sector #HDFC Securities #Trading Report #Sobha Ltd.

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Momentum Pick Of Buy Sobha Ltd For Target Rs.470 - HDFC Securities


* After showing a minor declines/sideways consolidation, the stock price has shifted into an upside bounce today.

* Currently, the price is making an attempt to show upside move above the key upper resistance.  The short term trend has turned positive.

* We observe a formation of positive candlestick pattern as per intraday/daily timeframe chart.  Volume has started to rise along with the up move in the stock price.

*The daily/intraday RSI is showing positive indication.


Buy Sobha Ltd @ 423.45 SL 409 Target 470


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