ABB India share price hits New High on 12th April 2024. Now we will analyze what investors need to do next, Need to Hold for More upcoming Move or to Buy move Quantities or to sell shares and book profits. The answer is to Hold or Buy ABB India shares for More Upward Movement in 2024 and 2025. You may Check Our previous Breakout Short Term stocks and see our Analysis.
ABB India Ltd (NSE : ABB) is manufacturer of integrated power equipment's which includes complete range of engineering, components supply and services in Automation power supplies. To Know more about the ABB India Ltd share, you can visit their official website. ABB India share has good Dividend history, previously paid 24 rupees per share is a good one. Nifty moved more than 1 percentage and most of the stocks fell, But Abb India share stayed positive to close at 1.68 percentage. To get the Live Intraday News Updates or Breakout Updates, You can Join our Free Telegram Channel.
Yesterday ABB India share price created a new 52 week high of 6773 Rupees and closed at 6752 levels. Here we are back with the latest chart analysis of ABB India share, what are the possible movement we can expect in ABB share for next trading day. For that we are analysis 4 hour Trading view chart of ABB share as explained below.
1. ABB India share Price Further Upward Movement
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| ABB India share Price Breakout case 1 |
In this scenario, we will look the breakout levels and what will happened after the breakout of the stock on Monday's market. First possibility is that ABB India share will breakout directly from the current resistance zone of 6745 to 6773 levels. If this breakout happened on tomorrow it will give a new high and retrace back to the levels marked in chart will act as support and will continue the rally. In this case you can Buy ABB share above this Breakout levels or at the retrace on that new support level as shown in the image above.
2. ABB India share will Move back to Previous support levels
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| ABB India share Price Breakout case 2 |
This is the second possibility, where ABB India share will move back to the previous support zone of 6562 levels. Then if it took that support levels, will able to give a fresh breakout from the above mentioned resistance levels and continue the rally. As we look in the previous price movement history, after every breakout there will be a small pull back and continues the rally. In this case you can Buy ABB India share at these support level for higher targets.
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