Midcap pick For Short term Trading: Buy ABB At CMP for Long term Target 960, Bullish Momentum seen

by Bhaveek Patel · 3 comments

in Midcap Stocks

ABB Ltd. is one of the oldest listed company trading on NSE, it was listed on NSE on 8 February 1995. ABB has been in its intermediate up trend and we are now looking for only buying opportunities as long as the up trend continues. The technical studies on this stock suggest that it has a very good (strong) support at 780 level. Investor must start accumulating this stock near the 800 zone for near term target of 960. while placing the position stop loss orders below 770 level.
When we talk about fundamentals we see that this company has given very consistent returns every year since its inception. Long term fundamentals are very strong for this company, so our rating will be to buy this stock for target of 960.
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{ 2 comments… read them below or add one }

1 sunil gupta

Abb is going down and i am looking it for the targets of 500 label, i am attaching chart for the same for your reference.

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2 Bhaveek Patel

Stock may have some support at 700 zone on daily chart. Overall trend is mixed on weekly chart, more sluggishness expected.

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