ABBOTINDIA - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 3.5

Here’s a detailed technical analysis of Abbott India Ltd. (ABBOTINDIA)

📊 Trend Overview

Current Trend: The stock is in a short-term reversal within a medium-term rising channel, but has recently broken below key support levels, indicating caution.

Price Action: Trading at ₹30,980, just below the 50-DMA (₹32,151) and exactly at the 200-DMA (₹30,979), suggesting a critical inflection point. A sustained move below the 200-DMA could confirm a bearish shift

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📈 Momentum Indicators

RSI (38.9): Bearish zone, approaching oversold territory. Indicates weak buying interest and potential for further downside.

MACD (-535): Deeply negative, confirming strong bearish momentum and lack of reversal signals

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Volume: Current volume (8,766) is slightly below 1-week average (9,037), showing low participation and lack of conviction.

📉 Volatility & Bands

Bollinger Bands: Price is near the lower band, suggesting oversold conditions. However, without volume confirmation, a bounce is uncertain.

📌 Support & Resistance Zones

Type Price Zone (₹) Notes

Support 30,600 – 30,900 Near 200-DMA and recent base zone

Resistance 32,000 – 32,500 50-DMA and previous breakdown level

Breakout Zone 33,000+ Above this, next target is ₹35,000 – ₹37,000

🎯 Entry & Exit Strategy

Optimal Entry: ₹30,600 – ₹30,900 (on dips with bullish reversal confirmation)

Exit Zone: ₹32,000 – ₹33,000 (partial profit booking); ₹35,000+ (final resistance)

Stop Loss: ₹30,250 (below recent support)

🔍 Summary

Trend: Reversing downward short-term; medium-term trend still intact

Momentum: Weak signals from RSI and MACD

Volume: Low, indicating lack of breakout strength

Outlook: Cautious; wait for bounce confirmation above 200-DMA or breakout above ₹32,000 for trend continuation

Sources: Investtech Analysis

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, TradingView Technicals

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Would you like a multi-timeframe chart view or alerts for reversal signals on ABBOTINDIA?

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www.investtech.com

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in.tradingview.com

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