ABB trade ideas
ABB INDIA - Long Trade- Price ActionPrice coming back to Daily Demand Zone of 1295 - 1321, which is also a past resistance still acting as a good support.
Buying Zone - 1295 to 1321, SL-1273
De-risk the trade at 1367
Target 1- 1450
Target 2 - 1550 +
Crossing and closing above 1370 is crucial for further upmove.
ABB India Ltd. - Technical Analysis - 8/29/2016For ABB India Ltd. stock, 1000 is solid support. We will be salivating to grab some at that level. Between 2009 and 2013, it spent most of the time between 500 points wide boundary of 400 - 900 and now if it wants to do the same between 1000 and 1500 then a pullback lower will be a good chance to trade it from buy side.
Buying the stock in a band of 800 - 1000 during the move lover puts probability in favour of solid profitability in future !
Meanwhile, our trade in Dabur has approached the take profit level. We are squaring the puts and closing the covered calls against the long term long positions.
