ABB trade ideas
ABB INDIA LIMITED : FALLING WEDGEENTRY PRICE : CLOSING ABOVE 1239
STOPLOSS : CLOSING BELOW 1120
MINIMUM TARGET PRICE :
1) 1384 Starting Point of the Downward Slopping Trendline.
2) 1453 Hight of the Pattern.
Risk to Reward : 1 : 1.8
Descending Triangle. Will it break!A chart pattern showcasing the descending triangle breakout formation may do so in a few days.
Keep Watching for the updates.
ABB Retesting SupportABB retesting support here.. If this holds it can go back to prev highs arnd 1700 and a close abv that horizontal TL at 1700 will take it to the moon :))
Will it see a Pullback ?Stock has seen heavy selling and obviously it wants a pull back .. are indicators turning in favor ? is MACD and RSI heavily oversold ?
Does the uptick for the day can compel stock to move higher towards 1350 at first ?
lets hope for the best..
ABB entered strong uptrend based on Weekly Aroon Strategy .ABB entered strong uptrend based on Weekly Aroon Strategy .
Two Possible trade set Up This stock is in Bullish Momentum , it has two different possible trade set up both represents Higher target of 1950+
1) It may brake down and come back to 1210 Range and bounce strongly towards Target
02) It Can continue the brake of current Range and then retest the range and starts moving towards the Target
Lets see how it unfolds
ABB breakout from 2 year rectangular consolidationAfter 2 year long rectangular consolidation, ABB broke out with huge volumes. Currently, correcting from overbought conditions.
Long on Pull back I am looking to Go Long on pull back Near 1418 or 1400 with stop 1380 for Target of 1480+
Regards
ABB heading for 1600 levelABB India with strong fundamentals has recently broken channel at 1477 level and heading for 1600 shown in yellow line immediate target/ resistance. Price is above 8 EMA on daily chart
