ABB - Downtrend Possibility
The stock is in bullish mode for the last five sessions and ran more than 300 points.
If reverses from cmp or after reaching 3500, may go in a downtrend.
The downward targets maybe 3230/2950/2800.
All levels and points are marked on the charts.
If sustains above 3500, the setup fails.
Only for learning and sharing purposes, not any kind of trading advice in any form.
Anytime we must not feel stuck in a trade. Step out from the trade
as it hits our risk management.
All the best.
If reverses from cmp or after reaching 3500, may go in a downtrend.
The downward targets maybe 3230/2950/2800.
All levels and points are marked on the charts.
If sustains above 3500, the setup fails.
Only for learning and sharing purposes, not any kind of trading advice in any form.
Anytime we must not feel stuck in a trade. Step out from the trade
as it hits our risk management.
All the best.
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