Abbott India Limited is an India-based company that is engaged in pharmaceuticals business , seems to be out of retracement phase now. It is retesting the Support line and may break the Triangle Pattern formed by Support and Retracement lines. The Chart is supported by two EMAs and RSI is also only 38.85 . Break out will give you targets of 21340.85 , 22395.65 and 23736.35 . Stop Loss is 19931.20.
Bingo !!! Hope we see breakout on 25.02.2023
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CMP 21491.65 , WHO MISSED THIS FISH !!!
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CMP : 22846 , Towards third Target
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Crossed Third Target : Touched 23110.00 Exit , as the stock is going to test the support at 22500, Re-enter the trade and trail the stop loss for target 23950.00
Nice analysis. It hit the targets. Thank you for sharing.
regards,
Vanathi