A 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...
📈 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...
ABB 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.
