Sobha Ltd – Technical & Fundamental View

Sobha Ltd – Technical & Fundamental View (SEBI Reg. INH000019886 | Educational Purpose Only) 🔹Technical: Stock broke out from a falling wedge on strong volume, indicating trend reversal. Holding above ₹1600 can extend rally toward ₹1850–₹1950. Supports near ₹1560 / ₹1520. RSI near 51 shows improving momentum. 🔹Fundamental: Sobha Ltd remains one of the top real-estate developers with healthy project pipeline and strong pre-sales. Debt under control; improving margins and demand recovery support long-term outlook. 💡Sustaining above ₹1650 could trigger next leg of momentum. ⚠️Disclaimer: Educational purpose only, not a buy/sell call.