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Sobha Developers looks weak: Bose
Published on Mon, Jun 30, 2008 at 10:57 , Updated at Mon, Jun 30, 2008 at 11:21
Source : CNBC-TV18
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Technical Analyst, Rajat K Bose is of the view that Sobha Developers is looking weak. Bose told CNBC-TV18, "Sobha Developers is actually looking weak. It can go down much further to about Rs 283-275 and that can happen in the short-term. Indiabulls Real Estate or Peninsula Land is showing some weakness. The whole real estate pack is trending down, so one need to see where the trend actually comes in or at least shows a pullback rally only then something can be thought about them. But for now I would suggest that if one is aggressive enough then one can initiate short positions in weaker counters like Sobha Developers." Disclosure: It is safe to assume that analyst and his clients may have an investment interest in the above stock/sector. |
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Other comments
I hold 700 shares @ Rs 410. I m scared of losing my money. i can hold it for 2-3 years at max. Please suggest me gu...
in Sobha Developer - Guest at 10-Oct-08 05:18
Operator game, will touch back
Surprising how in this free fall sobha went up, any news? Or it is operator game to empty investor pocket....
in Sobha Developer - avrochan at 10-Oct-08 01:20
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Notices
23-09 Sobha Developers Ltd has informed B...
22-09 Sobha Developers Limited has inform...
Management Interviews
24-07 Difficult for realty cos to hold ma...
14-05 Will maintain 50% topline, bottomli...
Brokerage Reports
19-09 Buy Sobha Developers; tgt Rs 554: E...
03-06 Buy Sobha Developers, target of Rs ...
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