ABB, Volume supported breakout. Good Support & resistance StudyAll the levels & structures are highlighted on chart.
Thanks
Piyush Gupta
Learn & Earn
ABB trade ideas
ABB India - 14 Yr Mega Breakout (w/good volume on Daily chart)
BUY GUIDANCE:
Never buy before 3PM . I have been burnt many times over. Try to buy between 3:15 - 3:30PM, later the better.
SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA
TGT: After a 10-15%+ vertical move, breakdown of 20DMA (on a daily close basis)
SELL GUIDANCE:
Selling in Profit:
Sell earlier in the session when the prices are higher, around 11AM.
Selling at SL:
Give your stock a chance to recover by end of session. If it doesn't recover, sell anywhere between 3:00 - 3:30PM.
Note: I reserve the right to be wrong.
DISCLAIMER:
I am not a SEBI registered analyst. Please consult your financial advisor before investing.
ABB India Ltd Stock Outperforming and a positive Breakout can be seen in the stock at leavel , if Breakout supported by volumes it can give 7-8% return in short term
ABB LOOKS GOOD PICK NUMBER 100 BUY ABB 1825-1835 TARGET 1875 SL1765 ..... volume supportable it break the previous high ...
ABB Retest after Strong Breakout ABB Breakout in Daily Time frame , Now retest done and Moving up
IF MARKET SUPPORTS we can expect 2k+ in near term
Risk is about 9% according to my SL , It's High risk high reward trade for short term
ABB for a swing.Traget is 10%
Target for ABB is 10%, MACD crossover also supports the trend and indicates bullishness.
Bounce from support zoneCompany : ABB
Entry Price : 1723.6
Stoploss : 1550
Target 1 : 1895
Target 2 : 1980
Stock is near a major support zone and should see a breakout very soon
ABB(W) BO Retest CompletedLT Chart is a clear BO - 13 years BO(above 2008 high levels)
ST Chart is a clear C&H BO - retest completed successfully
Current position is -8% from entry (we entered pre retest - reco of BB)
Note for self
01/08/2021 - either increase position make a short term trade.
Buy ABBAccording to chart and pattern anylasis
Buy 1700 or above price. Target should be 1750 if it is break then next target 1800-1850++
Resistance turned supportThe earlier resistance the stock faced has now become the support after the breakout. A perfect textbook example to learn resistance and support. Can be bought for a target of 1850. CMP-1699. SL can be 1620 on a closing basis. A 2:1 risk-reward ratio. It is a fundamentally good stock as well.
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Happy Trading :)
ABB LongA rounding bottom formation. Looking at the volumes a sell of is likely to a support zone of 1450. However, stock is on the brink of all time high breakout. It could be either way, keeping a close eye on the stock. If it breaks out above 1600 and closes convincingly, I, believe its good to go to a TG-1900 with a SL-1492
BuyBuy with SL below 1700 on daily closing basis for target of 2050
Disc : It's not an investment advise to buy or sell
ABB Possible BO - SWING TRADERS - WATCH OUT There is a possibility of an up move. KEEP ON your RADAR - beyond 1750 levels.
CHART STUDY not a CALL
Bullish On ABBStock was in uptrend then it formed a cup and handle showing trend continuation and now gave a breakout. Looking bullish for coming days.
