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Technicals for ABB India Limited
By MusingTheNews
2025-05-30 20:20
Overall Technical outlook
Price Summary
ABB India Limited's stock, on 2025-05-30 opened at 6080.0, climbed to a high of 6118.0, dropped to a low of 5945.5, and closed up -1.79% at 5971.0, with 296223 shares traded. In the last 52 weeks, the stock's top price was 9020.0 and the bottom price was 4935.4. As per recommendations from 23 analysts, ABB's future price is expected to span between 4970.0 and 7040.0, with a mean price around 6048.913.
Technicals
Support and Resistance: The price of 5971.0 is supported at 5681.4 and faces resistance at 6146.6. This range suggests key levels for ABB where the price may stabilize, with 5681.4 acting as a support and 6146.6 as a cap on gains. Support/Resistance for ABB
Aroon: The bullish trend in Aroon continues for ABB, with Aroon Up maintaining its position at the 100 level. This suggests sustained upward momentum, but further analysis is needed, especially in combination with other indicators, to confirm the trend's future prospects. Aroon chart for ABB India Limited
Bol. Bands: The BOLL BANDS is showing a neutral reading, with no clear direction indicated for upward or downward movement. This neutral position suggests a possible period of consolidation. Bolinger Bands chart for ABB India Limited
Parabolic SAR: The PSAR remains bullish, setting a critical support level that may help sustain the market's upward trend. This persistent bullish outlook suggests that the market is likely to continue climbing, with the support level offering a foundation for further growth. Parabolic Stop and Reverse chart for ABB India Limited
Stochastic: The K-line has dropped below the D-line on the stochastic indicator while staying above 80, suggesting that a bearish price move may be beginning. This pattern indicates that the market's upward momentum is weakening, potentially leading to a reversal. Investors should stay alert for additional signs of a downturn. Stochastic chart for ABB India Limited
Tripple Moving Agerage: The current reading of the Tripple MOVING AVG indicator suggests a neutral stance, with no clear signals indicating an upward or downward direction. This lack of directional bias suggests the market may be in a period of consolidation or uncertainty. Tripple SMA chart for ABB India Limited
When evaluating a company's technical data, such as stock price charts or volume, it is essential to first consider its fundamentals. These fundamentals include financial stability, growth potential, and competitive advantages. Additionally, understanding the broader industry in which the company operates offers context that helps to make sense of technical patterns. By examining both the company's internal strengths and external environment, one can make more accurate and meaningful conclusions about its stock performance.
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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