ABB - Technical Analysis

Last Updated Time : 02 Aug 25, 12:58 am

Technical Rating: 3.2

Here’s a detailed technical breakdown of ABB India (ABB) based on the provided data

📉 Trend Analysis

Current Price: ₹5,579 is below both the 50 DMA (₹5,787) and 200 DMA (₹6,073) — indicating a bearish short-term trend.

Trend Status: The stock is currently reversing from its previous highs and appears to be in a downtrend or early-stage consolidation.

📊 Momentum Indicators

RSI (38.4): Near oversold territory, suggesting weak momentum but potential for a technical bounce if support holds.

MACD (-77.8): Deeply negative, confirming bearish momentum and lack of buying strength.

Volume: Current volume (2.17L) is slightly below the 1-week average (2.40L), indicating low conviction in recent price action.

📈 Moving Averages

Indicator Value (₹) Signal

50 DMA 5,787 Resistance

200 DMA 6,073 Resistance

Price trading below both DMAs confirms short-term weakness and downward pressure.

📉 Bollinger Bands

Likely trading near the lower band, given RSI and MACD readings.

This suggests oversold conditions, but not yet a confirmed reversal — watch for volume spike or bullish crossover.

🔍 Support & Resistance Zones

Level Price (₹) Significance

Support 1 5,400–5,500 Near recent lows and psychological zone

Support 2 4,900–5,000 Historical support zone

Resistance 1 5,780–5,800 50 DMA and breakdown level

Resistance 2 6,050–6,100 200 DMA and previous consolidation zone

🎯 Entry & Exit Strategy

Optimal Entry Zone: ₹5,400–₹5,500 (if RSI stabilizes and MACD flattens)

Exit Zone (Short-Term): ₹5,780–₹5,800 (first resistance), ₹6,050–₹6,100 (extended target if reversal confirms)

Stop Loss: ₹5,250 (below key support)

📌 Summary

Trend: Reversing and bearish

Momentum: Weak, oversold signals emerging

Volume: Slightly below average, no breakout signs

Technical Setup: Caution advised; wait for confirmation before entry

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