People have written obituaries about this stock, as it is not moving since March 2020. Stock has also closed below its 200 ema on a daily chart (which is generally considered bearish sign) I may be wrong here, but what i see is stock is nicely moving in flag formation on a weekly chart. It is consolidating for now. I will enter once that level breaks.
Abbott at weekly support Zone... one can go long if get reversal pattern in shorter time frame ... sl 14730
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It seems very good to invest would give 25% in return in 2 to 3 months or maybe soon than this ABBOT INDIA
Long Trade Activated. Please use your stop loss and target before entering into a trade.
This analysis is done purely on basis of price action and chart patterns. The analysis is done on weekly TF hence it can take couple of weeks to reach the target. But as the stock is in bullish trend on longer TF, it may reach target within few days as well. Trade Logic, SL and Target is shown in image itself. Daily TF chart is attached below for reference. ...
it can go higher after this breakout .. lets see if pharma index also helps
Bullish GARTLEY TYPE 2 Earlier this same GARTLEY given good reaction on Type1 entry at 0.886XA & hit Target 1 now price again reached 0.886XA making its a TYPE2 Entry which is REVERSAL Now with confirmation from a BULLISH CANDLE with RSI above 30 POTENTIAL BUY
We can look at the stock from a long term view and accumulate at support S1. In case price falls further the stock can be accumulated further at S2 and S3 levels.
abbotindia trading under SM triangle ,,, wait for breakout