ABBOTINDIA BULLISH
Abbotindia closing 20575.55 and with stoploss 20000 then targets are 21200-22000.
Buying Reason.
1 --> Price make a range and good consolidation ready to breakout of range.
2 --> 20 EMA is now giving support.
3 --> RSI is 49.96 showing ready to bullish move.
4 --> ADX is show the bullish move and +DMi is rise.
5 --> Volume is also show the consolidation move and good volume for the breakout.
6 --> Bollinger bands are open in positive side.
Buying Reason.
1 --> Price make a range and good consolidation ready to breakout of range.
2 --> 20 EMA is now giving support.
3 --> RSI is 49.96 showing ready to bullish move.
4 --> ADX is show the bullish move and +DMi is rise.
5 --> Volume is also show the consolidation move and good volume for the breakout.
6 --> Bollinger bands are open in positive side.
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