ABB trade ideas
ABB : Short term and Medium term wave analysis As per my wave analysis :
Short term : I believe prices should go up as per the Green Arrow and then will either go up further or will come down..
Medium term : Buy positions coming soon.. but get out at the top of the UP arrow as prices might fall big time from there.
ABB Ltd | 3 way Trade strategies Trade strategy for ABB India Ltd can be approached by 3 ways. Below are the ways mentioned,
1. Since 1620 is good resistance, shorts can be initiated at current levels with stops above previous traded high of 1640. Exit points can be either on i)Rising trendline level or ii)Support area between 1547 & 1567 or iii) 1505/10
2. If the stock breaks the above mentioned resistance and closes above 1620/40 (where eventually the earlier short would be stopped out), go long with stop below 1600 with potential exit point as indicated by Bullish flag @ 1825.
3. If the stock continues to fall and breaks down below 1500 on closing basis, we could get a confirmation of a double Top pattern. In this case, we can initiate short with target as indicated by the pattern @ 1386.
(Disclaimer: Our charts and contents are just for the purpose of analysis, learning and general discussion. Do not consider these as trading tips or investment ideas. Trading in Stocks, Futures and Options carry risk and is not suitable for every investor. Hence it is important to do your own analysis before making any investment or trading decisions based on you personal circumstances and it is always better to take advice from professionals)
ABB - Bearish Bat - 4H TFBearish Bat pattern on 4H Chart of ABB. SELL 1615-1616, SL 1630.15, Target(s) - 1600, 1595.
ABB - Bullish Shark - 2H TFBullish Shark pattern on 2H Chart of ABB. BUY 1492-1493, SL 1477.9, Target(s) - 1507, 1513.
I starting learning Harmonics some days ago and just observing currently, how the price action works here and thereby trying to refine on my Target(s), SL and entry levels.
ABB : Buy SignalAs indicated earlier, time to buy this stock.
Details are on the chart.
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ABB : Possible BUY Forecast as per wave analysis, fib and MTF.
On BO of the high, one can possibly look for a good BUY opportunity with very good RR.
This is not any recommendation, purely my opinion only.
BIG MOVE COMING #Decending triangle
ABB can be bought after breakout
safe players can buy if gives closing above 1290
ABB INDIA LTD NSE: : ABB Long & Short CallsABB INDIA LTD NSE: : ABB Long & Short Calls
1,2 week levels to watch out :
Buy Above : 1260
Target : 1270, 1276
Sell below : 1240
Cover : 1233
Short term target : 1300
