ABB India Ltd. – Technical Analysis – 8/29/2016

ABB India Ltd. – Technical Analysis – 8/29/2016

For 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.

Follow us on Twitter @Bombay_Bulls for trade updates.

ABB_Weekly_Chart_Aug_29_2016

ABB_Weekly_Chart_Aug_29_2016