After few days of consolidation, ABB BO the resistance zone. Potential upside target can be 1400. Support zone 1200 - 1180. Stop loss around 1150 on closing basis.
ABB BUY ABOVE 914
TARGETS: 920, 926, 932, 938, 944, 950
Need to sustain above 914~916
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Trade strategy for ABB India Ltd can be approached by 3 ways. Below are the ways mentioned,
1. Since 1620 is good resistance, shorts can be initiated at current levels with stops above previous traded high of 1640. Exit points can be either on i)Rising trendline level or ii)Support area between 1547 & 1567 or iii) 1505/10
2. If the stock breaks the above...
