The chart is self-explanatory and shared for educational purposes.
1. ABB India Ltd Stock: The stock of ABB India Limited is being discussed.
2. Technical Indicators:
o Moving Average: The stock is trading above its moving average.
o Breakout: It has broken out from the stage 2 consolidation zone, indicating potential upward movement.
3. Risk Management: The...
A Bullish Flag & Pole breakout pattern is visible on the daily chart of NSE:ABB
after consolidation of around a month.
On daily, weekly and monthly charts the MACD has already given a positive crossover. So, expecting the momentum to continue.
All the Levels with proper stoploss mentioned on the chart are for educational purpose. Consult your financial...
Stock i9s at ATH and the triggers are as follows
1. Datacenter Theme
2. Renewable theme, renewables can have almost 8 times more electrical equipment
3. Grid upgradation theme
4. India as an Export hub for ABB.
Currently it has a OB of 8000 Cr and will get executed in 12 months. Their order growth is also 20% YoY
#ABB trading above Resistance of 5888
Next Resistance is at 7309
Support is at 4750
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational...
#ABB trading above Resistance of 4750
Next Resistance is at 5888
Support is at 3782
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose...
Currently ABB INDIA Closed at All Time high.
Confirmation on both Weekly and Monthly Timeframe.
Long May-2024 Futures and close the position until it breaks previous Market structure.
Current Stoploss - 4393
Long ABB India Stock which is currently trading around 5392.
Stoploss Is 4450 and Target until it breaks previous Market Structure.
Long April 2024 Futures.
📊 DETAILS
Sector: Electric Equipment
Mkt Cap: 104,267 cr
ABB India Limited is an integrated power equipment manufacturer supplying the complete range of engineering, products, solutions and services in areas of Automation and Power technology.
TTM PE : 86.26 (Average PE)
Sector PE : 81.39
Beta : 0.81
📚 INSIGHTS
MC Insights PRO
Stock with...
ABB looks like it might correct again. A 6% downside move from the current level looks quite plausible. The move will result in the stock price correcting towards the 200 day EMA, which is regarded as a strong support level. The risk is very small, though there is a chance of a whiplash, similar to Federal Bank.
Feb 4200 PE is trading at 46.3. I won't be...
ABB looks bearish on many parameters, including MACD and price.
Key levels to watch out- 4730, 4600, 4400
4600 PE CMP = 101.85
I believe the momentum can be quick hence option buying for this trade looks suitable for me.
This is not financial advice to go short in the above-mentioned stock. This is just a view of the stock that was on my watchlist.
Breakout on the relative strength chart.
Risk to Reward is favorable.
The sector is also outperforming nifty.
Stock is in the demand zone.
RRG also shows that the stock is in the leading zone.
Avg Devilvery volume.
FTS score is declining.
Key Metrics:
Market Cap: ₹103,238 Cr
CMP: ₹4871.85
PE Ratio: 85.41
Dividend Yield: 0.11
52 Week High: ₹4990.05
52 Week Low: ₹2752.05
Technical Observations (45 Min Chart):
RSI signals bearish divergence.
Possible break below support in the channel pattern.
MACD signal moves below its signal line.
Disclaimer:
This analysis is for informational purposes only and...
