ABB INDIA LTDלונג
TRADE_SETUP_10% upside in ABB
The stock can be seen moving up in an Elliot wave structure from Oct end bottom.
Wave I completed in Oct-Nov followed by a 38% retracement and then Wave III completed in Nov-Dec followed by a deeper 50% retracement.
Now the Wave V has begun in the stock from Dec 21.This particular wave also can be seen sub-dividing into minor waves like the previous 2 impulsive waves. Currently we at the wave ii of Wave V and waves iii, iv and v of V are yet to unfold.
The projected final target for Wave V is projected to be around INR5100-5150.
On the downside the low of 4529 is crucial and should be considered as an important swing low for all buys.
Note*- Views are based on personal opinions/observations. Please do your own research/analysis before making any trading/investing decisions.
Wave I completed in Oct-Nov followed by a 38% retracement and then Wave III completed in Nov-Dec followed by a deeper 50% retracement.
Now the Wave V has begun in the stock from Dec 21.This particular wave also can be seen sub-dividing into minor waves like the previous 2 impulsive waves. Currently we at the wave ii of Wave V and waves iii, iv and v of V are yet to unfold.
The projected final target for Wave V is projected to be around INR5100-5150.
On the downside the low of 4529 is crucial and should be considered as an important swing low for all buys.
Note*- Views are based on personal opinions/observations. Please do your own research/analysis before making any trading/investing decisions.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.