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TradingWithRahul

Resistance turned support

Long
ABB INDIA LTD (NSE:ABB)  
TradingWithRahul  
NSE:ABB   ABB INDIA LTD
Trend Analysis Chart Patterns Fundamental Analysis
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trendanalysis chartpattern fundamental
The earlier resistance the stock faced has now become the support after the breakout. A perfect textbook example to learn resistance and support. Can be bought for a target of 1850. CMP-1699. SL can be 1620 on a closing basis. A 2:1 risk-reward ratio. It is a fundamentally good stock as well.
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