Current wave to be reached 4700 level because of 5th wave is making extension
3212 is first target when ABB stock reached 4700 level. than take will some time spent there than will be fall. Fibonacci (38%).
#ABB trading above Resistance of 3782
Next Resistance is at 4750
Support is at 3138
Here are previous charts:
Chart is self explanatory. Entry, Resistances and Support are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult...
Finally , ABB Has given breakout. But the pattern is not looking very strong.
I will enter the trade, but not with full allocation.
Manage your trade accordingly.
***RESULTS CAME TODAY, and they were good***
This is follow-up on Abb India. Can also check link to related ideas.
Resistance 1/Target 1 achieved. Resistance 2/Target 2 is ON as it is trading above resistance line of 2939. Has moved more than 44% since breakout at 2120.
Here is previous chart.
Chart is self explanatory. Entry, Resistances/Targets and Support/Trailing Stop Loss are mentioned on the...
The stock is in bullish mode for the last five sessions and ran more than 300 points.
If reverses from cmp or after reaching 3500, may go in a downtrend.
The downward targets maybe 3230/2950/2800.
All levels and points are marked on the charts.
If sustains above 3500, the setup fails.
Only for learning and sharing purposes, not any kind of trading advice in any...
ABB:- Rounding bottom is formed, wait for the breakout, till then keep an eye
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the...
The chart setup clearly shows that the stock is near the breakout level. If fails to do so, may come down around 2940/2840.
keep an eye.
Only for learning and sharing purposes, not a piece of trading advice in any form.
All the best.
All levels are mentioned on the charts if stock sustains above 2900, it may go up to 3050/3080. After crossing 3090 further upward move may come.
Only for learning and sharing purposes, not a bit of trading advice.
Always keep your loss management in your control.
All the best.
All levels are mentioned on the charts,
The most important thing in this setup is Risk -Reward ratio,
One should exit if the stock price strikes your risk management anytime,
Or on a daily closing basis.
Only for learning and sharing purposes, not a trading recommendation in any form.
All the best.
ABB India Limited is an integrated power equipment manufacturer supplying the complete range of engineering, products, solutions and services in areas of Automation and Power technology.
ABB India has had a breakdown in its charts. After being a wonderful performing stock in a very weak market last year, the stock might enter its fresh phase of correction, it is...