Dear All , Everything is mentioned over the Chart ... Good Luck !!!
NSE:ABBOTINDIA screencast.com 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.
Have a look out for the stock, i strong believe there is a trend here !!
as we can see the bearish harami there and price below 8 ema i think that the prices will move down
as we can the bullish kicker signal there and stochastic in oversold area and there is bullish divergence there and price trading above 8 ema we can go long on call