Abbott trading in a closed triangle pattern on Monthly and weekly charts. It can breakout on either side. At the lower level of the triangle there is a volume coming in indicating strength currently. Formed hammer on last monthly chart candle.
If it follows then target of 26000 can be seen. Stop loss will be base price of triangle pattern. Note: On closing basis else you may sell at fake breakdown.
This is long term chart not short term so need patience for investing and wait.
Trade active
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Abbott triangle breakout is in progress and will give confirmation at end of this month. Also it will form Crab or deep crab pattern in coming months. Crab pattern target is either 21900 or 23500
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small breakout on Montly chart was completed today and based on it this stock should give at least 10% return in coming few months.
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2000 points away from the target.
Trade closed: target reached
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Target reached 26000+. Took 1.5 years to reach this target Call is closed