ABB trade ideas
FIBO LEVELABB FIRST TRY TO BREAK FIBO LVL AND THE COME FOR RETRACETMENT AND TAKE SUPPOET ON TREANDLINE
NOW IF IT'S BREAK 1109 LVL AND S-RSI GIVE CONFIRMATION GO FOR BUY
ABBABB
Trying to break of the Pattern
Should break and hold for good up movement.
View Neutral to bullish
ABB - Breaking outABB.
Trying to push past the 999 high.
Getting ready for a 200 Rs move.
This stock when it moves it moves.
Else stagnant.
So have to watch this daily.
A simple setup, high probabilityABB has moved up impulsively, made a nice corrective structure in the form of a Flat (ABC). I think that the wave C of the Flat pattern is done and now it will head in the upside direction, as a continuation. A retest of the the previous highs is possible.
We are looking at close to 60-65% kind of price move in the current setup.
Low risk and good reward setup. If I were to trade this, my stop would be below the C, as in the charts.
** This is not a trade advice**
ABB from 16 July 2020A complete 1->2->3 wave pattern can be made on ABB ..
.use simple strategy to make money...
Trendline has been drawn once candle(Green candle) breaks the trendline --> following the MFI breakout
take trade
entry price === >> green candle ( high - low ) /2 + high
exit price ==>> 1R --> 2R as targets : R = risk --> nearest swing low
advance traders can also use ADX to maximise the profit
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.
