ABB
ABBABB:- Rounding bottom is formed, wait for the breakout, till then keep an eye
Hello traders,
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 successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
ABB - At Support LevelsAll 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 BreakdownABB 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 important to be careful if you are planning to buy more. In my opinion, if you want to make a fresh position, buying above 3000 would make a lot of sense. Shorters can keep 3000 as their stop loss for this trade.
ABB - Cup & Handle Breakout - Swing tradeThe analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
ABB Chart Analysis !!📈 ABB India Ltd. 📉
My Findings :-
1. Higher High and Higher Low Formation.
3. Breakout from a Swing High and Support Turned Resistance.
4. Close Above March 2022 High.
Bias- Long
Target- 2336 and 2410
SL- 2114
RR- 1: 2
All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and revert back if you need some more study on it.
Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.