Buy ABB India Ltd For Target Rs.3750 - Religare Broking
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ABB India Ltd
* ABB has been trading in a steady uptrend since Feb 2021, after breakout from a multi year consolidation phase. It moved sharply from 1475 and made a new record high at 3446.30 in Sep 2022.
* It retraced to the support zone of major moving average i.e. 200, after such phenomenal up move and spent nearly a month to consolidate.
* It has formed a pivot around its record high while hovering in a narrow band and set for a breakout from the same now. Traders shouldn’t miss this opportunity and accumulate in the mentioned zone.
Buy ABB India Ltd BUY CMP 3445; Range : 3445-3450; Stop Loss : 3310 Taget 3750
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