Sobha: Sharp Reversal From ₹1,150 Base, Expect Bullish bias

Sobha Ltd , SOBHA has staged a sharp recovery from the ₹1,150–1,175 support zone after a prolonged decline from the July peak. The recent move shows a strong reversal candle followed by follow-through buying, indicating that buyers are defending the lower base. Price has reclaimed the short-term average near ₹1,267 and is trading well above the 50-day average near ₹1,215. The immediate test is around ₹1,300–1,310, where the stock is facing supply after the fast rebound. A decisive close above this zone can extend the recovery towards ₹1,350 and then ₹1,400. The ₹1,215–1,200 area is now the important support zone, as it combines the 50-day average with the recent consolidation range. A move back below ₹1,200 would weaken the bounce and put the ₹1,150 base back in focus. For now, Sobha is a recovery setup, with ₹1,300 acting as the breakout trigger.