Buy ABB India Ltd For Target Rs.2450 - Monarch Networth Capital
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ABB India Ltd
* Stock has been making higher top-higher bottom formation since May-2020 and indicating bullish bias on weekly ichimoku chart as well.
* Last week it has given a fresh breakout with strong volume support and closed at all-time high level. Momentum indicator Stochastics has also given positive crossover on weekly chart which is indicating positive momentum.
* Recommendation is to Buy in the range of 2000-2050 keeping Stop loss at 1789 level and Target at 2300-2450 levels.
RECOMMENDATION: BUY CMP: 2046 SL: 1789 TARGET:- 2450 TIMEFRAME: 2-3 MONTHS
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