ABBOTINDIA buy with multiple reasons -
1) Bounce from Demand Zone forming a Bullish Marubozu candle
2) Trendline support
3) Bullish strength even though Nifty gapped down and closed forming doji candle
Going long around 16500-17000 with stoploss of 16000 makes sense for target of 18000 and 19000
1) Bounce from Demand Zone forming a Bullish Marubozu candle
2) Trendline support
3) Bullish strength even though Nifty gapped down and closed forming doji candle
Going long around 16500-17000 with stoploss of 16000 makes sense for target of 18000 and 19000
Comment:
Holding around the 1st target of 18000, soon second target of 19000 can be seen.
Trade closed: target reached:
Second target of 19000 achieved.