[Premium] Trade Of The Week
November 1, 2021
ABB India has had a breakout! Earlier, the stock moved out of its base and progressed to its next target. Now, after a consolidation of four months, the price broke out above the crucial level of 1,910.
Notice the breakout candlestick though. It's a strong bullish candlestick. In agreement of this strength is the momentum indicator that is placed comfortably in the bullish territory.
Such emphatic moves add to the strength of a breakout.
We are bullish above the level of 1,910 with a target near 2,650.
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Allstarcharts Team