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aashu24ahuja
May 3, 2020 8:23 AM

52-week/ATH Breakout Strategy 

ABBOTT INDIA LTDNSE

Description

Stock making 52-week/ATH and then it is bound to correct and take support near 20EMA/SMA or worst case at 50EMA/SMA.

The candlesticks are showing the loss in volatility and stock is taking the support. Once the bullish candlestick pattern is observed near the support one can take the position with a stop below 20EMA or previous swing low.
Comments
m10121979
thanks for the info. will it test 17000 today or tomorrow and bounce back?
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