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ABB

ABB Bullish BuyThe chart shows a strong upward trend in ABB India Ltd, with a recent consolidation forming a rising wedge pattern. This pattern typically indicates a potential breakout. The price is currently testing the upper boundary of the wedge, suggesting a possible bullish breakout if it surpasses the resistance level around 8,619.70 INR. Key Levels: Resistance: 8,972.10 INR Support: 8,115.65 INR Potential Trade Idea: Bullish Scenario: A breakout above 8,619.70 INR could lead to a rally towards the next resistance at 8,972.10 INR. Bearish Scenario: If the price fails to break out and falls below the wedge, watch for support at 8,115.65 INR.
NSE:ABBLong
by baddonkey99
ABB India Ltd - Potential Breakout Targeting ₹9,130This analysis focuses on ABB India Ltd , where the stock is exhibiting a potential breakout from its recent consolidation phase, suggesting an upward move toward ₹9,130, which is 9.39% higher from the current level. The chart includes Fibonacci retracement levels, key trendlines, and technical indicators. Key Highlights: Current Price : ₹8,510.30 Fibonacci Retracement: 61.8% retracement level around ₹8,835 has been broken, which is a bullish sign. Price is expected to reach the 100% retracement level at ₹9,130.75, indicating further upside potential. Trendline Breakout : The stock has broken out of a descending triangle, confirming a breakout, which is supported by increasing volume and momentum. Technical Indicators: RSI: Shows a gradual rise, indicating growing bullish momentum. Moving Averages: The stock is well above its 50-day and 200-day moving averages, reinforcing the bullish trend. Key Levels to Watch: Resistance: ₹9,130.75 (100% Fibonacci retracement). Support : ₹8,084 (50% Fibonacci retracement). Conclusion: With the breakout above the descending triangle and the stock holding above key Fibonacci levels, ABB India Ltd appears set for an upside move toward ₹9,130 . Traders should watch for sustained volume and monitor support levels in case of pullbacks.
NSE:ABBLong
by AngshumanSaikia
TRADE_SETUP_10% upside in ABBThe stock can be seen moving up in an Elliot wave structure from Oct end bottom. Wave I completed in Oct-Nov followed by a 38% retracement and then Wave III completed in Nov-Dec followed by a deeper 50% retracement. Now the Wave V has begun in the stock from Dec 21.This particular wave also can be seen sub-dividing into minor waves like the previous 2 impulsive waves. Currently we at the wave ii of Wave V and waves iii, iv and v of V are yet to unfold. The projected final target for Wave V is projected to be around INR5100-5150. On the downside the low of 4529 is crucial and should be considered as an important swing low for all buys. Note*- Views are based on personal opinions/observations. Please do your own research/analysis before making any trading/investing decisions.
NSE:ABBLong
by neeraj_2_sharma