ABB on weekly charts.
The stock is seems to be in 5(iii) wave targets of which should be minimum 1434 and maximum 1591(shown clearly on my charts).
The stock is seems to be in 5(iii) wave targets of which should be minimum 1434 and maximum 1591(shown clearly on my charts).
The stock earlier also broke out form a descending triangle pattern,technical targets of that also comes around 1595-1600. The stock can be bought at CMP of 1279 and on all dips towards 1240 with stop loss of 1200.
Disclosure: I am not a SEBI certified analyst and particularly about EW my knowledge is very limited. So all kinds of feedback are warmly accepted. Further i hold the stock in my portfolio.
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