ABB INDIA LTD has formed Cup and Handle Pattern on Daily chart and broken out with good increased buying volume. It will give good returns in short term. The stock is trading at ALL TIME HIGH.
The stock is in bullish mode for the last five sessions and ran more than 300 points.
If reverses from cmp or after reaching 3500, may go in a downtrend.
The downward targets maybe 3230/2950/2800.
All levels and points are marked on the charts.
If sustains above 3500, the setup fails.
Only for learning and sharing purposes, not any kind of trading advice in any...
Description: ABB India stock has formed a saucer with handle pattern on the chart, which is a bullish chart pattern indicating a potential buying opportunity. The saucer shape shows a gradual bottoming out of the stock price followed by a period of consolidation, while the handle represents a brief period of retracement. The stock is currently trading near the...
ABB:- Rounding bottom is formed, wait for the breakout, till then keep an eye
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the...
ABB
Sell-Below 3365
Sl-3470
T- 3200 2987
Stocks is at resistance and signs of reversal can be spotted. Reversal will be confirmed below the sell level.
ABB Cmp 3274 dated 13-3-2023
1. Bearish Engulfing Candle @ Resistance
2. Trendline breakdown @ 3235
3. RSI breakdown
Sell below 3265 for target 3220-3130-3060-3000 SL 3370
It is just a view, please trade at your own risk.
ABB
Key highlights: 💡
✅On 1D Time Frame Stock Showing Reversal of double top Pattern .
✅ It can give movement upto the Reversal target of below 2655-.
✅Can Go Long in this stock by placing a stop loss above 3460+.
~All the information given in the chart is for the educational purpose only.
~Do your own research before investing.
~This is not my recommendation.
~My recommendation--LEARN MORE EARN MORE.
Stock Name - Abb India Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 3247
#This is not Buy and Sell recommendation to any one. This is for education...
1. ABB is in uptrend
2. 23% retracement from top
3. short and long term RS positive and uptrending
4. second base in making
5. tight flag pattern for trade
