Abbotindia has seen a good healthy correction in last few days.
Took support on 61.8% fib, looks good moving up from here
RSI above 44 I consider it as bullish
MACD above the signal line.
Just above the 200 MA cluster
Buy above - 18470
Targets mentioned in the chart above.
SL below 200 ma, near 17700.
Please LIKE, COMMENT and SHARE to motivate and support me....
abbott india- rounding bottom & flag and pole breakout on monthly charts. cmp 20000.
immediate (1-3 mth) tgt of 23500 for rounding bottom pattern.
positional tgt 30000 for f&p pattern
keeps sl of 10% from ur buying levels as stop loss on daily closing basis.
stock good buy and hold purpose. avoid trading
buy above 16405 which is previous day high plus 5 points buffer
For stoploss in Intraday use 5 minute chart and see nearest support.
for target use 5 min chart and fibonacci pivots as i don't keep predefined target.
try to book partially and trail.
Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical...
ABBOTINDIA in 30min is showing triangle pattern. Now I know all the people watching these ideas are retailers and won't find it sensible to invest this big amount in one share. If you trade regularly, you can add ABBOTINDIA on your watchlist and keep an eye on it's movement. You can capture the breakout in intraday as you will get some leverage there and can get...