ABB Pre-emptive Reversal – Rounding Bottom Breakout

Wait 5 sec.

ABB Pre-emptive Reversal – Rounding Bottom BreakoutABB India LimitedNSE:ABBsatyam15📊 Pre-emptive Reversal – Rounding Bottom Breakout CMP: 6549 Trigger: Sustained above 6570 (weekly close preferred) Targets: 6812 / 7314 / 7900 / 8900 SL: 5843 (strict) 🧠 Setup Logic: Fall: 8940 → 4648 → now rounding bottom formation Early accumulation phase Sustaining near 38.2% Fibonacci level 6570 = key trigger + supply zone 👉 Conclusion: Pre-emptive trade (not confirmed breakout) 🎯 Trade Plan: Entry: Above 6570 (no intraday fake breakout) Confirmation: ✔ Weekly close above 6570 ✔ Better if 2 weekly closes sustain ⚠️ Clarification: Independent analysis. No part of Religare involved. 📝 Important: Not responsible for profit/loss. No fees involved. 📉 Disclaimer: Not SEBI-registered. Do your own research.