Equity-Earningz

ABB INDIA LIMITED : FALLING WEDGE

Long
NSE:ABB   ABB INDIA LTD
ENTRY PRICE : CLOSING ABOVE 1239
STOPLOSS : CLOSING BELOW 1120
MINIMUM TARGET PRICE :
1) 1384 Starting Point of the Downward Slopping Trendline.
2) 1453 Hight of the Pattern.

Risk to Reward : 1 : 1.8
Trade active: Cmp 1240
Comment: ABB MADE A High Today 1355.
Comment: ABB 1ST TARGET ACHIEVED.
1384 Starting Point of the Downward Slopping Trendline

1240 to 1384, up by 12.89% in 23 days.

Don't book all profit. Use Trailing stop-loss and Wait for 1453.
Comment: ABB, High made today 1445.15 11 Am.
18% ROI in 25 days.
1239 to 1453

Target almost reached.
But what next should we book all profit?
or should we ride this strong trend for larger gains?
Trade closed: target reached:

Comments

Very good analysis Sir... Kudos
Reply
@sausawan, Thank you Bro. :)
Reply
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