ABB daily chart, everything is on the chart weekly MACD is also Bullish
Buy ABB as its Marubozu with Engulfing Bullish in Uptrend.
Price 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.
For ABB India Ltd. stock, 1000 is solid support. We will be salivating to grab some at that level. Between 2009 and 2013, it spent most of the time between 500 points wide boundary of 400 - 900 and now if it wants to do the same between 1000 and 1500 then a pullback lower will be a good chance to trade it from buy side. Buying the stock in a band of 800 - 1000...