Abbot India looks good on weekly chart by breaking a falling trendline resistance and gives a clean breakout (Triangle Breakout) on above that trendline with good volumes gives a breakout of Bollinger band indicator too so we can see bullish trend will continue in it for the target of 23988.
CAUSE OF LONG-:
1- Falling trendline breakout
2- Bollinger band breakout
3- Volume breakout
TARGET
CAUSE OF LONG-:
1- Falling trendline breakout
2- Bollinger band breakout
3- Volume breakout
TARGET
Comment:
GAINING GOOD MAKING NEW 52 WEEK HIGHS
Comment:
23400 from 21900 can do target in coming sessions
Comment:
REACHED 21800 LEVELS FROM 21900 LEVELS TAKEN TIME BUT NOW TRADING NEAR MENTIONED TARGET OF 23988, CAN GIVE A ALL TIME HIGH CLOSE TODAY SO IF TODAY TARGET WILL ACHIVE I WILL CLSOE THIS IDEA AND WILL PUBLISH A NEW ONE FOR IT
Trade closed: target reached:
TARGET 23988 AHIVED FROM 21943 GAINED ALMOST 10%, WILL PUBLISH A NEW IDEA FOR IT, THIS TRADE IS CLOSED