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SOBHA DEVELOPERS – CAN GIVE SOME JUMP AND THEN WILL LOOK FOR BREAKOUT ?????

SOBHADEV

Stock has done good consolidation in last 4 month.

as per the chart we can see that recently price able to cross the resistance level, but then again it has given some correction of really.

there is also a development of “EXPANDING TRIANGLE” on chart, in which price has taken support on supporting tredline.

RSI, also taken support on descending trend line, and there is also a development of “POSITIVE DIVERGENCE” development on chart.

so basic indication is once can buy in this above 338 level with stop loss at 295 level target we can look for is 365-435

 

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