Abbott India closed the week at ₹28,808, showing signs of strength as it approaches key upside targets of ₹29,360 and ₹29,800. With RSI above 50%, the stock is signaling increased bullish momentum, making it an attractive buy for the upcoming week. The stock has recently corrected over 10% during the previous downturn, creating an opportunity for a rebound. Investors looking for a return of over 3% may find this an ideal entry point.
The major support level is at ₹28,093, providing a solid foundation for any potential pullbacks. As long as the stock remains above this support and RSI continues to stay above 50, the bullish trend is expected to persist. This setup offers a favorable risk-reward ratio, making it a great opportunity for those looking to capitalize on Abbott India’s upside potential next week.
The major support level is at ₹28,093, providing a solid foundation for any potential pullbacks. As long as the stock remains above this support and RSI continues to stay above 50, the bullish trend is expected to persist. This setup offers a favorable risk-reward ratio, making it a great opportunity for those looking to capitalize on Abbott India’s upside potential next week.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.