ABBOTINDIA buy with multiple reasons -
1) Bounce from Demand Zone forming a Bullish Marubozu candle
2) Trendline support
3) Bullish strength even though Nifty gapped down and closed forming doji candle
Going long around 16500-17000 with stoploss of 16000 makes sense for target of 18000 and 19000
ABBOTTINDIA – seems to have completed its 170-day basing pattern (from the time it breached its 200 DMA during Jan 2022) as it broke out from a 42-day tight consolidation on about 3 times the average volume. The consolidation breakout is also a strong breakout simultaneously above its 200 DMA, and the AVWAP from its all-time high during early Oct 2021.
Since...
Abbott india breaking out of ascending triangle with volumes rising can take position after daily close . Can touch ath’s if this is a sustained breakout. Keep sl strict . NOT FA
This share is now support area and trade are limit band zone with support and resistance.
And given the all target SL and entry level up and down side. And very High probhility up side zone trading area. If cross than 21 EMA
Hello Guys , Today I Have The Technical Chart of Abbott India it is in the Double top from a few days ago but now I think it will go Down because it has made a bearish signal after a very long Bull trend and now lets talk about the target . So its target could be 16627 . BTW It is Based on your Risk To trade on it or not and Don't Forget to Like the Idea and...
ABBOTT India Ltd
Stock corrected from its recent high and took multiple times support from old trendline.
And now at its old ATH resistance levels. And at good levels if breakout happens to enter.
Buy positionally above 18400 levels for min targets of 19100 in short term.
Also Abbott india is portfolio stock to hold for long term also.
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Note:
Above...
ABBOTT India has a strong lower 2-year-old support line. Every time it comes here, buying is seen. In July 2021, ABBOTT gave an ATH breakout and made a new ATH.
After that it has pulled back to the lower support zone and tested it multiple times.
Now it has sustained to close above all EMA and getting ready for an upmove.
Buy above 18400 level for first...
AbbottIndia has broken upward from a triangle pattern and price is current at retest zone of previous resistance and falling trendline.
a 1:3.6 RR trade can be initiated
entry 17950- 910 ( flip reaction level)
target 19428 ( nearest supply zone)
sl 14478 ( close below the falling trendline)
key levels
17253 ema 21
19000 psychological and option barrier level
Abbott looks bearish on Monthly TF due to drop in delivery% and Bearish Divergence on RSI.
The Target & SL has been updated on the chart.
This is solely my view and for educational purpose only.
let me know your thoughts in the comments section
Abbot has been trading in falling wedge pattern since OCT 2021.
the stock has also forming Higher highs indicating reversal of the downtrend.
good VOLUME increase can also be seen in the stock since few days.
we can trade the stock on breakout at 17100 with SL of 16628 for a shorterm period and target of 17830 and futher of 19561
****************PLEASE FOLLOW...
📈 ABBOTT 📉
My Findings :-
1. Higher High and Higher Low Formation.
2. Breakout from a Swing High and Support Turned Resistance.
3. Close Above March 2022 High.
Bias- Long
Target- 19513, 20613, 22028 and 23201
SL- 16024
RR- 1: 2.5
All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and revert back if...
#ABBOTINDIA #ABBOTTINDIA
#SwingTrading #swingtrade
For the last 10 weeks , 16k has emerged as buying zone & stock has bounced back 4 times
Buy on Wkly close abv 18k ( 50-dma & 10 wk hi)
Tgt 19.6k on #candleshunting
SL 17k
Risk: Reward - 1 : 1.6
