ABBOTINDIA trade ideas
hammering the bottom ?reversing from last support...respecting weekly Kijun...DMI + kissing DMI -...probably to take off again
Abbott - Fibonacci ReversalPossible reversal. Wait until tomorrow to be sure and look at the volumes too.
ABBOTT INDIA making a triangle patternGood for intraday trade, and once the breakout happened , then can go fo swing or positional
AVWAP Study for Abbott India
Bounce from Support with Consolidation BO:
- Stock resting at 50 DEMA but below 20 DEMA
- Volatility compressing ready to BO
- Bias is Long
- Note: The colorful lines in the chart are Anchored VWAPs (from range top candle, new range breakout candle, march bottom candle)
Buy Now for better Risk/Reward or wait to Buy above 17,050
Target @ 17,900 - 18,000 range. May exceed these levels!
Abbot India IdeaMoving in a channel for past 1 month.
Reversing from long term trendline resistance.
Keep a watch for break on either side.
Disclaimer: Kindly do your own analysis before executing the trade
one more Pole Flag in ABBOTINDIAABBOTINDIA is in flag consolidation range, once it give breakout. it may go up. that too it is trading near support trendline. breakout at support trend line gives further rally. if it breaks down it may fall upto 16400. upside it can go upto 19000
52-week/ATH Breakout StrategyStock making 52-week/ATH and then it is bound to correct and take support near 20EMA/SMA or worst case at 50EMA/SMA.
The candlesticks are showing the loss in volatility and stock is taking the support. Once the bullish candlestick pattern is observed near the support one can take the position with a stop below 20EMA or previous swing low.
Second Leg of Rally in ABBOTINDIA POLE FLAG Patternif ABBOTINDIA opens gap up it is will rally to previous highs. if it closes below 16349 on daily chart. it will fall further. more over pole flag pattern also seen on daily chart.
Go long above pennant break
Found Flag and pennant in Abbott India in 1 day chart. Wait for breakout & retrace to pennant and candle confirmation to give buy entry.
ABBOTINDIA Daily Analysis 30 March 2020Unusual VOL Activity Observed.
Stock recovered
Appears to have no effect of COVID19
Need further analysis
trendlyne.com
www1.nseindia.com
www.bseindia.com
Abbott Labs Unveils COVID-19 "Gamechanger": Portable Test Can Detect Virus In Under 5 Minutes -- IT IS A MAJOR BREAKTHROUGH. Congratulations to Abbott Labs. But remeber that not the treatment!!
Health-care shares were among the biggest gainers as Abbott Laboratories surged after unveiling a five-minute coronavirus test and Johnson & Johnson announced a vaccine candidate for the virus.
Abbot may be bought at lower levels.Abbot is having negative divergence with RSI, it may fall from here but the trend is upwards. Buy it in installments, support at 11,508 and 11,167. Acquire it up to fall to about 11,000. Keep stop loss below 11,429.
