ABBOTINDIA: Correction on the Horizon? **⚠️ 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!**
