Realty sector has been performing well post Q2 results announcements.
Sobha has posted stellar Q2 numbers but it might be one off quarter as well.
Technically, stock is looking ripe for a good flag breakout of consolidation.
We might soon see a breakout coming but sustainment of breakout is crucial for further upmove.
Levels are mentioned on chart. We can see upside of more than 50% if breakout sustains.
You can also check other realty sector stocks and see if any similar pattern is visible.
Please note that I am just NISM certified RA and not SEBI registered.
This analysis is not a recommendation but has been shared for educational purposes only.
Sobha has posted stellar Q2 numbers but it might be one off quarter as well.
Technically, stock is looking ripe for a good flag breakout of consolidation.
We might soon see a breakout coming but sustainment of breakout is crucial for further upmove.
Levels are mentioned on chart. We can see upside of more than 50% if breakout sustains.
You can also check other realty sector stocks and see if any similar pattern is visible.
Please note that I am just NISM certified RA and not SEBI registered.
This analysis is not a recommendation but has been shared for educational purposes only.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.