ABB trade ideas
ABB INDIA LTD Looks good for positional trade.Aim for 5-8%. It can be easily achievable in 1-3 days.
My belief is to choose high winning probability trade with a risk-reward ratio going from 1:1 to 1:2.
The reason for booking profit of only 5-8% is because the market direction is not sure at this point. So better to aim for 1:1 risk-reward and rotate your money in better opportunities.
Take trade if all conditions meet at the end of the day 3:15-3:30 PM.
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Volatility Contraction PatternThe tape has formed a VCP base and is now drifting sideways around pivot and 21 & 55 EMA.
Flat opening and breaking of highs through the pivot will give a strong momentum on upside.
High volumes around the base is an indication of institutional accumulation.
Publishing for my own reference.
Not an investment/trading advice.
ABB India - Building on the Capex Expansion StoryStock is positioned to benefit from the capex investment growth story in India. Looks good on the charts for a mid to long term hold.
Disclaimer: I am not a SEBI registered analyst. So please use this information at your own risk. This is just for educational and discussion purpose.
ABB India, Long term Investment BuyOn anayzing the stock we find that there is a breakout of the stock above the levels of 2008, so there is breakout of consolidation after 13 years. The 1600 levels now is acting as a support for the stock. There is also accumulation in the stock at these levels as well.
The stock should be bought at these levels, keeping a time horizon of atleast 12 months.
**Ideas are my own**Invest as per your risk taking ability**
Easy patternEarlier neckline of Cup and handle was acting as resistance zone. But after the breakout it is taking support at the same line. So the point is if it consolidates around this line then a fresh new move will come. Also the stock is at All time high levels and PE ratio is around 130, SO BE CAUTIOUS IN SUCH COUNTERS.