Sobha Developers Limited (Investment Target) - 830

[K.Karthik Raja]

Sobha Developers Limited
Segment: EQ
NSE Code: SOBHA
Paidup Value 10
Face Value: 10
Market Lot: 1
ISIN Code : INE671H01015
Listing Date :20-DEC-2006
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Sobha may consolidating in a range of 575-
600 levels in last few trading sessions. The
14-day RSI is indicating the stock to be in
the 'oversold' territory there by negating
any significant sell-off in near term.
Investors are advised to accumulate the
stock in the range of 525-580 levels for an
Long-term target of 750-830.still sobha may have little downside
expectation
around (530-559) Strong support lies @ 525.
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Today Stock Movement

High: 605.00 Low: 595.00
Open: 600.00 Value: 0.78 Cr.
Volume: 12936 10-day Avg. Vol: 43762
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Stock Performance
52-Week Range (Low - High) : 575.00 - 1060.00
Circuit Filters For Next Day: No Circuit Filters
STOCK PERFORMANCE
-1.08% in 1 Week
-25.99% in 1 Month
-26.72% in 1 Year
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Stock Technicals
SMA-7: 603.20 SMA-13: 601.20 SMA-26: 680.28 SMA-50: 734.36
SMA-200: 840.78
EMA-12: 617.05 EMA-26: 663.01 EMA-50: 719.54 EMA-200: 820.84
MACD: -45.96
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Volume (last/ 5 day average): 13000 / 35000
- 5 day RSI: 34 - no indication.
- 14 day RSI: 30 - no indication.
- Williams % R(14): 19 (summation factor 100)
- Average Directional Index ADX: 26
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F&O check
F & O UPDATE As on 4th April 2008
Current month futures for SOBHA closed at 593.90 (Rs. 3.25 DISCOUNT)
with a turnover of
Rs. 0.59 Crores.Sheds 2450 shares(-2.26%) in open interest bringing
down the open interest to

106050 shares
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Commentary For Trading/Invesment:
2 day swing: Buy above 615
Medium Term: Buy above 634 For the target 658/709
Investment with a sl of 525 Target 750/830
All long positions in the stocks should be protected with a stop loss
placed below
mentioned levels on a closing basis.


K.Karthik Raja
Research Analyst.
www.kences1.blogspot.com