Box type consolidation breakouts/breakdowns happening in #AbbotIndia as described by Nicolas Darvas in his book "How I Made $2 Million in the Stock Market"
Very optimistic about AbbotIndia breaking the crucial resistance of 4330 in a day or two and completing inverted head and shoulder pattern. Bullish divergenes on both Stochastics and RSI is further evidence of strong bullish sentiments. Go long as soon as it crosses 4330-4035 with high volume.
Abbott India Ltd is trading in a long term Falling wedge.
Correction seems to be over at 3988.
Trading above 4354 stock can go to 4550 an 4835.
where as a trade below 4130 can bring down again the price to 3900' level.