ABB 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 :))
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..
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 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
