ABB trade ideas
ABB_DailyLooks good.........................
ABB is a Swedish-Swiss multinational corporation headquartered in Zürich, Switzerland. The company was formed in 1988 when Sweden's Allmänna Svenska Elektriska Aktiebolaget and Switzerland's Brown, Boveri & Cie merged to create ASEA Brown Boveri, later simplified to the initials ABB .
educational purpose only.
ABB_DailyLooks good.........................
ABB is a Swedish-Swiss multinational corporation headquartered in Zürich, Switzerland. The company was formed in 1988 when Sweden's Allmänna Svenska Elektriska Aktiebolaget and Switzerland's Brown, Boveri & Cie merged to create ASEA Brown Boveri, later simplified to the initials ABB.
educational purpose only.
ABB is forming triangle patternNSE:ABB large cap stock is facing rejection at its resistance 5 times in 2 months.
A strong breakout can result in good up move along with bull market.
In case of reversal, clear triangle can be formed.
Key note : Always follow proper risk management to avoid losing capital from false breakouts as this is common.
Caution : This is a knowledge sharing analysis, not a call.
Profits are not made from following ideas, but by following Risk Management .
ABBNOTE: these are virtual trade, not taking live trade. (high risk, using 5.34 x leverage in future trade) if it went wrong and spot went up 18% when capital would wiped out. stay safe. i am testing whether my analysis are right or wrong. if u have any suggestion comment below
reasons:
1) stock breaks it trend
2) break inside day candle (check on learnapp you tube channel)
3) loss in momentum rsi falls below 50
today overall market fall maybe that can be the reason for stock fall. "low volume". these are some concerns
ABB ShortHi, I have put together my analysis for ABB based on Weekly Supply and Demand Zone. While looking at the stock, it can be seen that it has been consolidating for sometime (Daily and Weekly) and formed an Inside Candle. If it breaks the current Resistance the break down will be great and the price can react from WDZ.
If you have any suggestions or doubts, do comment below. NSE:ABB
ABB Trade Setup Idea 12-september-2022ABB is in a good accumulation phase. It had a breakout and now it is holding on to that region, I would be interested in this stock only if it breaks 3260 in the lower side and 3400 in the higher side.
Since the ATR has been reducing for the stock, there should be a breakout or breakdown soon.