ABB – Last Close –816.10(BSE) [26-Aug-2011]
• Engulfing bull candle spotted on weekly.
• Pitchfork taken from key legs indicates the buy.
• Holding the support adds more strength.
• The Stock has a potential up move toward 890 – 920 which are 50% and 61.8%
projection levels of leg a/1 and leg b/2.
• Buy the stock at CMP to 800 bands with the stop loss below 773 [Closing].
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