Abbindia
ABB - Ichimoku Bullish Breakout Stock Name - Abb India Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 3247
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
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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.
ABBINDIAABBINDIA looks weak below 2950 levels after it formed Lower highs and lower lows structure for three months.Keep an eye!
Stock is now below the shared levels of 2950 shared on the 30 NOV 2022.
Disclaimer:
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations.
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Ascending Triangle Pattern in ABB IndiaNSE:ABB
This stock is the perfect example of the ascending triangle pattern. The upper trendline is a horizontal trendline and the lower trendline joins the higher lows. Then the stock breaks from the triangle with volume. The MACD was also bullish and RSI was above 50 showing good momentum. This Pattern is usually considered a bullish pattern. The stock then rallied after the breakout.\
Disclaimer : This is my own analysis and view. This is for educational purposes. This is not a recommendation, call or a tip.
ABB Keep an eyeABB Any day if closes above 1751 with good volumes then can do good rally. (THIS IS ATH LEVELS.)
After a good move of nearly 35% it has been consolidating now.
LAST MONTH CANDLE WAS A MONTHLY BREAKOUT AFTER 14 YEARS.
LATEST NEWS IN COMPANY ARE:
///ABB Power Grids will provide public healthcare systems in Bengaluru, Mysuru, and Chennai with an indigenously developed, innovative, portable cold-chain transport device for efficient COVID 19 vaccine delivery, a joint statement said.
///ABB India said that the board on Friday (11 June 2021) has granted in-principle approval for divestment/sale of company's turbocharger and dodge mechanical power transmission businesses.
///ABB commissions digital platform integration for Sunflag Steel to allow better metals plant decision making
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ABB Ltd | 3 way Trade strategies 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 mentioned resistance and closes above 1620/40 (where eventually the earlier short would be stopped out), go long with stop below 1600 with potential exit point as indicated by Bullish flag @ 1825.
3. If the stock continues to fall and breaks down below 1500 on closing basis, we could get a confirmation of a double Top pattern. In this case, we can initiate short with target as indicated by the pattern @ 1386.
(Disclaimer: Our charts and contents are just for the purpose of analysis, learning and general discussion. Do not consider these as trading tips or investment ideas. Trading in Stocks, Futures and Options carry risk and is not suitable for every investor. Hence it is important to do your own analysis before making any investment or trading decisions based on you personal circumstances and it is always better to take advice from professionals)