SOBHA trade ideas
SOBHANSE:SOBHA
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SOBHA is about the break the trendline. Add to Watchlist.Aim for 5-10%. It can be easily achievable in 1-3 days.
My belief is to choose high winning probability trade with a risk-reward ratio going from 1:1 to 1:2.
The reason for booking profit of only 6-8% is because the market direction is not sure at this point. So better to aim for 1:1 risk-reward and rotate your money in better opportunities.
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SOBHA - Clear swing trade entry🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout)
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
Broke its crucial Resistance level.Since it has broken its crucial resistance level, there is high probability that stock would approach its recent high. Major indicators all have bullish view at this current price level.
"Note: Above idea is for study purpose only, please consult your financial advisor before taking any position."
BO from wedgeBO with quite good volumes today and moved up 6%...if you observe all green candles are big...red candles are small...that's a bullish trend..of course like all things in the market nobody can predict anything...we play with possibilities, and if market is green tomorrow we can expect more upside from the stock. This is just an idea, not a recommendation. Targets marked.