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ABB.NSE

ABB India Ltd. - Daily (Technical Analysis)

Long-term

Equities

1 month ago

ABB is trading near a critical resistance zone of ₹6,250–₹6,550, where previous supply has emerged. The current price action shows strong upward momentum with notable volume expansion near resistance, indicating active participation and accumulation.

Sustained price acceptance above this zone, supported by strong volumes, may signal a potential breakout and continuation of bullish momentum. However, rejection from this range could lead to brief consolidation before the next directional move.

Resistance: ₹6,250–₹6,550
Support: ₹4,300–₹4,600

Outlook:
Structure remains positive with improving strength. A decisive breakout with volume confirmation will be crucial for further upside, while price behaviour near resistance should be closely monitored for confirmation.

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Posted by

VITHULDAS

Moderator

1 month ago

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