Abbott India- Swing trade with low risk entry- Keep an eye
Updated
Abbot India is retracing back to 20 SMA and is good point to enter { before entry do watch out for price action at hourly or 2 hourly chart}. As per my analysis its at good support zone with stop loss of 1%( below 20 sma)can give you 12 to 15 % return for swing trade. If you want to keep for longer period you definitely can but do watch out the price action at the resistance.
Also one more thing that works in favor is historically when ever the relative strength of stock has started beating nifty it has give huge returns over period of time... So just keep an eye
Also one more thing that works in favor is historically when ever the relative strength of stock has started beating nifty it has give huge returns over period of time... So just keep an eye
Trade closed: stop reached
Stop loss hit but I am still keeping an eye and will update when there is possibility of re-entry
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