ABB share technical outlook
ABB daily chart analysis
abb share on last trading session closed at 704 with gains.on daily chart trend down but momentum building on long side and expecting sharp tern around from here.abb share daily indicators already given buy signal and traders with short term vie must go long here with targets 765-770 in next 8-10 session.on chart 690 to 705 is good buyers zone.stoploss must be below 660 on closing basis.
ABB weekly chart analysis
abb share on weekly chart,trend is down as trading below all major average but on chart fall is not much and share in much more with range bound moves.in 2012 we seen highs near 1000 while low of 600 with almost freak trades??
on weekly chart also this share indicators suggesting buy signal.for medium term we see and expect target of 920 in time s of months.
ABB monthly chart analysis
on monthly chart this stock range bound movement clearly seen.as trading below major long term averages and indicators also seems to bearish on long term chart so may show downside move in long term but used for buying or investing with long term view.400-500 is value buying zone for this stock and our long term target is 1050.
on historical chart,abb started journey at 40 and hit all time high near 1800 in 2008 peak.in crash of 2008 stock made bottom at 300 while recent major top was at 1050 on freak movement.