ABB - Expecting Turn AroundStock has been in downtrend for long
Right now in the daily double bottom area
Also at strong demand zone
Volume activity says end of selling spree
Expecting sideways to bullish momentum in comin days
Abblong
ABB BreakoutA Bullish Flag & Pole breakout pattern is visible on the daily chart of NSE:ABB
after consolidation of around a month.
On daily, weekly and monthly charts the MACD has already given a positive crossover. So, expecting the momentum to continue.
All the Levels with proper stoploss mentioned on the chart are for educational purpose. Consult your financial advisor before making any investment decision.
ABB Daily Analysis Has been consolidating over several weeks
Rising VOlume on OBV indicates a breakout will happen soon
Target @ 3597
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.
ABB - Swing - Breakout retest doneABB broke out of the supply zone, retested the BO area, and showing bullish confirmation now. Swing traders can watch this with SL below the breakout area.
