**⚠️ ABBOTINDIA: Correction on the Horizon? 🚨**
🔍 **Strong Rally Faces Major Resistance!**
ABBOTINDIA has surged sharply from **₹25,874** to **₹29,683**, but it’s now approaching the **crucial resistance zone at ₹30,213**.
📉 **Why a Pullback is Likely?**
✅ **Resistance Zone at ₹30,213-30,500**
✅ **Overbought after a sharp rise**
✅ **Previous reactions from this level suggest selling pressure**
📊 **Key Downside Targets in Case of Correction:**
🔹 **₹28,250** (SMA-44 Support)
🔹 **₹26,800** (Previous Demand Zone)
💡 **Trading Plan:**
🔻 **Wait for bearish signals near ₹30,213**
🔻 **Short-term pullback to ₹28,250 likely**
🔻 **Invalidation above ₹30,500**
🚀 **Breakout or Reversal? Watch Price Action Carefully!**
🔍 **Strong Rally Faces Major Resistance!**
ABBOTINDIA has surged sharply from **₹25,874** to **₹29,683**, but it’s now approaching the **crucial resistance zone at ₹30,213**.
📉 **Why a Pullback is Likely?**
✅ **Resistance Zone at ₹30,213-30,500**
✅ **Overbought after a sharp rise**
✅ **Previous reactions from this level suggest selling pressure**
📊 **Key Downside Targets in Case of Correction:**
🔹 **₹28,250** (SMA-44 Support)
🔹 **₹26,800** (Previous Demand Zone)
💡 **Trading Plan:**
🔻 **Wait for bearish signals near ₹30,213**
🔻 **Short-term pullback to ₹28,250 likely**
🔻 **Invalidation above ₹30,500**
🚀 **Breakout or Reversal? Watch Price Action Carefully!**
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.
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.