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Technicals for Abbott India Limited
By MusingTheNews
2025-05-30 20:20
Overall Technical outlook
Price Summary
Abbott India Limited's stock opened at 30350.0 on 2025-05-30, surged to 30620.0, dropped to 30130.0, and ended 0.35% higher at 30455.0, with 3530 shares traded. The highest price the stock achieved in the past 52 weeks is 31539.9, while the lowest price it saw is 25501.85. Future price predictions suggest a range between 28500.0 and 35750.0, with an average expected price of 33417.5, as per 8 analysts.
Technicals
Support and Resistance: The current price of 30455.0 for ABBOTINDIA finds support at 29799.6 and resistance at 31101.85. These levels define a range in which the price might oscillate, with 29799.6 as a potential support and 31101.85 as a resistance level. Support/Resistance for ABBOTINDIA
Aroon: The AROON is currently in a neutral position for Abbott India Limited, offering no clear guidance on whether the market is likely to move up or down. This neutral stance suggests that further observation may be necessary before a trend becomes apparent. Aroon chart for Abbott India Limited
Bol. Bands: The current reading of the BOLL BANDS is neutral, offering no clear signals for a movement in either direction. This suggests that the market may be in a holding pattern, with no dominant trend in place. Bolinger Bands chart for Abbott India Limited
Parabolic SAR: The PSAR remains bearish, reinforcing a resistance level that could restrict any upward movement. This resistance indicates that the market may remain under bearish control, with limited potential for gains. Parabolic Stop and Reverse chart for Abbott India Limited
Stochastic: The STOCHASTIC is in a neutral stance, with no clear signals for movement up or down. This neutral position indicates a potential period of consolidation or uncertainty in the market. Stochastic chart for Abbott India Limited
Tripple Moving Agerage: The alignment of the 20, 50, and 100 moving averages points to a bearish trend, but the wavering slopes of the 20 and 50 SMAs indicate that this momentum is weakening. This could be an early sign that the market is preparing for a bullish reversal, as the current downward trend begins to lose steam. Investors may soon see a shift towards more positive price action as the trend starts to change. Tripple SMA chart for Abbott India Limited
Before focusing on technical indicators like stock price and volume, it's important to consider a company's fundamentals. These include financial metrics such as profitability, revenue growth, and debt levels. Furthermore, understanding the industry landscape, including competition and consumer trends, provides essential context. By combining this fundamental analysis with technical data, investors can make more informed decisions and draw deeper conclusions about the company's potential for future growth and success.
DISCLAIMER: We provide information and our musings based on events, but nothing on this site can be considered professional advice of any kind.
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