Abbott India - Possible end of bullishnessStock reaching daily supply zone
Stock also reaching hourly supply zone also
Hourly zone between 29780 - 29860
Daily zone between 29900 - 30650
As overall market structure is bearish, it is a high
possibility stock may try to reverse from either hourly or daily supply zone
Possible downside expected 28650 / 27500
Abbottlabs
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.