ABBOTINDIA - Technical Analysis

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

Technical Rating: 3.9

Here’s a detailed technical breakdown of ABBOTINDIA

📊 Trend Analysis

Current Price: ₹33,595 is slightly above the 50-DMA (₹33,171) and well above the 200-DMA (₹30,606), indicating a medium-term uptrend.

RSI (47.8): Neutral zone, suggesting lack of strong momentum either way.

MACD (281): Positive, but not sharply diverging, indicating mild bullish momentum.

Volume: Below 1-week average (7,528 vs 9,289), showing low participation and possible consolidation.

📌 Conclusion: The stock is consolidating near its upper range after a strong rally. No signs of reversal yet.

📈 Chart Patterns & Indicators

Bollinger Bands: Price is near the middle band, suggesting no breakout pressure.

Candlestick Patterns: Recent formations show indecision, with Doji and Harami patterns appearing on shorter timeframes

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Support Levels

₹33,171 (50-DMA)

₹32,040 (Pivot S1)

2

Resistance Levels

₹34,466 (Pivot R1)

₹37,000 (52-week high)

🎯 Entry & Exit Zones

Action Price Zone (₹) Rationale

Buy Entry 32,000 – 33,200 Near support, low RSI, consolidation

Target 1 34,500 First resistance zone

Target 2 36,800 – 37,000 52-week high zone

Stop Loss 31,500 Below 200-DMA and key support

🔍 Momentum Signals

Short-Term: Weak momentum, neutral RSI, low volume.

Medium-Term: Bullish bias supported by MACD and moving averages.

Long-Term: Strong fundamentals (ROCE 46.2%, ROE 35.7%) and low debt (0.05) support sustained growth.

🧭 Final Take

ABBOTINDIA is consolidating with a bullish undertone. A breakout above ₹34,500 with volume confirmation could trigger a fresh rally. Until then, accumulation near ₹32,000–₹33,200 may offer a favorable risk-reward setup.

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