On weekly charts Abbott india is forming flag and pole pattern. Looks strong on technical charts till now.
Stop loss will be lower end of following flag channel on weekly closing basis.
Once the pattern breakout occurs. Following are the targets -
Target 1 - 31500
Target 2 - 32600
Target 3 - 34000
Don't fall in FOMO mode and wait.
1. Abbott India has posted strong Q4 numbers signalling a good quarter for Pharma sector overall
2. The Nifty Pharma Index has shown a bounce back from 18400 levels today with potential to rally to 19200 or beyond to 20000 if other companies post strong results too in the coming days
3. Nifty 50 bounced back from 22000 levels too today
4. If both Nifty and Pharma...
ABBOTINDIA-EQ
-Cup & Handle Pattern Breakout with Retest on Weekly Time Frame
-Flag Pole Breakout on Daily Time Frame
-Massive Volume Buildup
-Trading All Time High
Entry 🟢: Above 28280
Target 🎯: 30700, 32000 ++
Stop loss 🔴: 25000 WCB
Remark: Short Term
⚠️ Disclaimer : Chart & Levels are for educational purposes. Trade according to your Risk or consult...
Abbott India formed a good flag and pole - with all factors necessary to anticipate bullish move.
Present price can be used for call option buying and even intraday cash trade can be taken.
Sector supports too, but as over all market is negative, be quick to book the profits
Abbott trading in a closed triangle pattern on Monthly and weekly charts. It can breakout on either side.
At the lower level of the triangle there is a volume coming in indicating strength currently. Formed hammer on last monthly chart candle.
If it follows then target of 26000 can be seen. Stop loss will be base price of triangle pattern. Note: On closing basis...
ABOTTINDIA is taking good support on 200 EMA in a daily timeframe, also the monthly timeframe RSI looks very strong.
Entry: 23180
Target: 25007
Stop Loss: 22090
This is my first Idea shared on the Trading View platform.
Wish me Luck
NSE:ABBOTINDIA has been at this zone before, but this time there is a rally in the pharma sector itself. Keep an eye on this share at the current levels of 24,000. Any breakout above here can be a great opportunity to buy.
Company's Overview.
Abbott India Ltd is one of the market leader and multinational pharmaceutical company in India with a global presence in over 160 countries. It has a legacy of more than 130 years in the industry.
Revenue Breakup.
In FY22, injectables contributed around 40% of the revenues, followed by tablets at 39%, liquids at approximately 16%, capsules...
Abbott India which was trading in the triangle formation has broken out with upper side momentum.
One can go long on this stock with target of 23800 in coming months
Overview:
Abbott India has accomplished the impulsive wave 3, and the price is forming corrective wave 4. Price has occurred the sub-wave A. and Sub-wave B. Sub-wave C of 4th wave is in progress.
After completion of wave 4, the price will start its bull run.
Fibonacci relationship and wave Formations:
Wave ((1)) is a five-wave impulse.
Wave ((2)) retraced ...
Abbott India looks very strong on charts and is attempting a breakout at ATH Levels. If it sustains, sky is the limit. I also feel that the pharma rally has begun with a lot of pharma stocks showing momentum and strength in this market. Keep on radar. Buy above 22850 only and keep that level as stop loss.
strong chart
relative outperformer in pharma space
stock above key averages
pharma index seen a decline of 7 % odd in past 11 session while this counter is trading with strength
formed a dual bottom
trading above neckline.
NSE:ABB
ABB INDIA LTD: this stock is looking good for short term. volume increasing
can buy above 2575 for the targets 2586-2588, 2598-2600 and 2607,2616
Abbott looks bearish on Monthly TF due to drop in delivery% and Bearish Divergence on RSI.
The Target & SL has been updated on the chart.
This is solely my view and for educational purpose only.
let me know your thoughts in the comments section
📈 ABBOTT 📉
My Findings :-
1. Higher High and Higher Low Formation.
2. Breakout from a Swing High and Support Turned Resistance.
3. Close Above March 2022 High.
Bias- Long
Target- 19513, 20613, 22028 and 23201
SL- 16024
RR- 1: 2.5
All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and revert back if...
Abbott India Ltd - 04.03.2022
The stock is trading @ 17459 levels
Let the prices go above 17940
There is a SUPPORT @ 16800 levels
There is a SPINNING TOP in Daily Chart
The prices are above EMA
Watch out for the price action
