**ABB India Ltd (NSE: ABB)**:
**Chart Analysis**
* **Trendline Support:** The stock has been respecting a long-term rising trendline since mid-2020.
* **Recent Reversal:** A bullish engulfing candle has formed near this trendline support in the latest month (May 2025), closing at ₹5,960 with a **+7.92% gain**.
* **Correction Phase:** The stock has corrected significantly from the all-time high around ₹9,179 (marked with a dashed blue line).
* **Support Held:** The recent low aligns well with the trendline, suggesting the correction might be ending.
**Chart Analysis**
* **Trendline Support:** The stock has been respecting a long-term rising trendline since mid-2020.
* **Recent Reversal:** A bullish engulfing candle has formed near this trendline support in the latest month (May 2025), closing at ₹5,960 with a **+7.92% gain**.
* **Correction Phase:** The stock has corrected significantly from the all-time high around ₹9,179 (marked with a dashed blue line).
* **Support Held:** The recent low aligns well with the trendline, suggesting the correction might be ending.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.