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Abbottindia

Abbott India: 28% Upside in few weeks (Read below)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 Sector continues the rally, then Abbott is sure to achieve its target in coming days (rather quickly) Technicals: 1. Abbott has created a rounding bottom pattern with neckline at 28500 and base at 25500. The target comes at 33500 based on the pattern. This gives an upside of about 28% from current price 2. The price have been rejected multiple times by the blue trendline. Watch for a clear break above this trendline (around 26400 levels). A strong close above this line will indicate a bullish move going forward 3. The price is above the 200D SMA (purple line) but below the 50D SMA (orange line) 4. Currently the price has broken above the 20D SMA although got rejected by the upper Bollinger band (green line and blue bands) during intraday hours Strategy: 1. Look for a clear closing above the trendline with strong volumes in next trading sessions 2. Look for rally in both Nifty and Pharma sector 3. If all parameters match, take entry around 26400-26500 levels with stop loss around 25350
NSE:ABBOTINDIALong
by tej_s9
Long Abbott India for target of 26000Abbott 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 else you may sell at fake breakdown. This is long term chart not short term so need patience for investing and wait.
NSE:ABBOTINDIALong
by Sandeepk31
Abbott India is gearing up to give Breakout.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 at 3%, and other products at 2%. Financials. >>Almost debt free company. >>ROCE- 41.1%, Which is considered to be an excellent return. >>Good growth can be seen in net profit margin. >>Maintaining a healthy dividend payout of 76.8%. Technical. As we have seen Last week, all chemical stocks had a good rally. It looks like this rally will continue further. So we will keep a close track on this stock because it still falls under one of the undervalued stock category. This stock was consolidating within an uptrend parallel channel. Last week, it closed near its resistance level. If it breaks out with a big candle and significant volume, we can enter the trade. We'll use a 1:1 risk-reward management strategy for this trade as explained in chart. This is my Analysis, I might be wrong sometimes Please do your 'own' due diligence before taking trades.
NSE:ABBOTINDIA
by BullishLine
NSE: Abbott India Elliott wave ProjectionOverview: 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 50% of wave ((1)). Wave ((2)) has taken 23 months to finalize. Wave ((3)) is a five-wave impulse. Wave ((4)) looks like a sharp correction. Rule of alternation indicates variation between two corrective waves in terms of time, distance, and formation. Because wave ((2)) was a complex correction, wave ((4)) should be a sharp correction. Destiny of wave ((4)): Wave ((4)) can terminate near the previous corrective wave (iv) at 13994 . Wave ((4)) can end at 15064 , which is a crucial support level. The common retracement of wave ((4)) is 38.2% , but the price has broken down this level. Next Fibonacci retracement level is 50% at 13967. Please note that the corrective channel has broken down, so bulls can enter when the price renter into the parallel lines. Otherwise, the price has bearish sentiments.
NSE:ABBOTINDIA
by forextidings
4
Abbott India Chart Analysis !!📈 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 you need some more study on it. Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
NSE:ABBOTINDIALong
by ShelendrAgrawal