ABB Pre-emptive Reversal – Rounding Bottom Breakout

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📊 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.

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.