The real estate sector is regarded as a staple for any serious income investor, and it also happens to be a favorite of active traders because of its relatively

What is your review of Sobha Limited?

Shares of Sobha Limited is moving on volatility today 2.52% or 13.30 from the open. The BSE listed company saw a recent bid of 540.30 on 7347 volume.

Investors are often trying to figure out the best way to analyze the stock market. When it comes to stock research, investors may use fundamental analysis, technical analysis, or a combination of both. Boiling down the two techniques, studying the fundamentals puts the focus on factors that may influence specific stocks, and studying the technicals puts the focus on market behavior analysis. Investors who study the fundamentals are typically trying to understand why stocks and markets move the way they do. Technical analysts are more concerned with spotting trends and trying to measure the characteristics of those trends. Some investors may prefer one method of stock research over another, but many investors may use a combination of both methods to help make sure that all the bases are covered.

Taking a deeper look into the technical levels of Sobha Limited , we can see that the Williams Percent Range or 14 day Williams %R currently sits at -6.74. The Williams %R oscillates in a range from 0 to -100. A reading between 0 and -20 would point to an overbought situation. A reading from -80 to -100 would signal an oversold situation. The Williams %R was developed by Larry Williams. This is a momentum indicator that is the inverse of the Fast Stochastic Oscillator.

Sobha Limited currently has a 14-day Commodity Channel Index (CCI) of 120.99. Active investors may choose to use this technical indicator as a stock evaluation tool. Used as a coincident indicator, the CCI reading above +100 would reflect strong price action which may signal an uptrend. On the flip side, a reading below -100 may signal a downtrend reflecting weak price action. Using the CCI as a leading indicator, technical analysts may use a +100 reading as an overbought signal and a -100 reading as an oversold indicator, suggesting a trend reversal.

The RSI, or Relative Strength Index, is a widely used technical momentum indicator that compares price movement over time. The RSI was created by J. Welles Wilder who was striving to measure whether or not a stock was overbought or oversold. The RSI may be useful for spotting abnormal price activity and volatility. The RSI oscillates on a scale from 0 to 100. The normal reading of a stock will fall in the range of 30 to 70. A reading over 70 would indicate that the stock is overbought, and possibly overvalued. A reading under 30 may indicate that the stock is oversold, and possibly undervalued. After a recent check, Sobha Limited’s 14-day RSI is currently at 66.90, the 7-day stands at 72.60, and the 3-day is sitting at 87.13.

Currently, the 14-day ADX for Sobha Limited is sitting at 29.04. Generally speaking, an ADX value from 0-25 would indicate an absent or weak trend. A value of 25-50 would support a strong trend. A value of 50-75 would identify a very strong trend, and a value of 75-100 would lead to an extremely strong trend. ADX is used to gauge trend strength but not trend direction. Traders often add the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) to identify the direction of a trend.

For further review, we can take a look at another popular technical indicator. In terms of moving averages, the 200-day is currently at 389.27, the 50-day is 459.40, and the 7-day is resting at 524.64. Moving averages are a popular trading tool among investors. Moving averages can be used to help filter out the day to day noise created by other factors. MA’s may be used to identify uptrends or downtrends, and they can be a prominent indicator for detecting a shift in momentum for a particular stock. Many traders will use moving averages for different periods of time in conjunction with other indicators to help gauge future stock price action.

About Sobha Developer :

  • Sarjapur- Marthahalli, Outer Ring Road Devarabisahalli, Bellandur Post Bangalore – 560103, Karnataka, India

Sobha Developers Ltd is a company with the motto of inculcating passion at work and delivering the best to its clientele. Set up in the year 1995, the company has been engaged in high-quality construction of residential, commercial and corporate projects. The company has developed its projects at 24 cities in 13 states across India. Apart from high-end, fully-developed projects, the company also offers residential plots to its customers for creating and designing the house of their dreams as they like it.

Accredited with OHSAS 18001:2007 and ISO 14001:2004 certifications the company has been following superior business ethics in the environmental, health and safety management systems. Sobha Developers Ltd adhere to international standards in every project they carry out and have won accolades for the same. Some of their achievements are the awards for ‘Builder of the Year’ and ‘Most Reliable Builder Award’ by CNBC, ‘Top Indian Real Estate Company’ by Dun & Bradstreet, ‘India’s Top 10 Builders Award’ by Construction World and then some more.

Awarded with the Lifetime Achievement Award by the prestigious news/media giant NDTV and the Pravasi Bharatiya Samman Puraskar’ conferred by the Government of India, the Chairman of the company Mr. P.N.C. Menon has to his credit vast experience in the real estate market. It is under his guidance that the company has been able to gain such standing in the realty market.