Short term bearish view on ABB
Updated
ABB looks bearish on many parameters, including MACD and price.
Key levels to watch out- 4730, 4600, 4400
4600 PE CMP = 101.85
I believe the momentum can be quick hence option buying for this trade looks suitable for me.
This is not financial advice to go short in the above-mentioned stock. This is just a view of the stock that was on my watchlist.
Key levels to watch out- 4730, 4600, 4400
4600 PE CMP = 101.85
I believe the momentum can be quick hence option buying for this trade looks suitable for me.
This is not financial advice to go short in the above-mentioned stock. This is just a view of the stock that was on my watchlist.
Note
Worked out great! 4600 PE CMP = 302
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