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Short Trade Opportunity in ABB

Discussion in 'Technical Analysis' started by kaisarimam96, Jan 11, 2014.

  1. kaisarimam96

    kaisarimam96 Member

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    Dear Shabbir,

    By Looking at ABBchart it seems it will go down. It has made lower head around 692 which is sign of weakness. There are many shooting stars after long uptrend.
    Should i short in futures with stoploss of 700 and target of 585.

    Please mention reason also why or why not short trade should be taken

    Best Regards
    Kaisar Imam
     
    kaisarimam96, Jan 11, 2014
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  2. shabbir

    shabbir Administrator Staff Member

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    Perfect levels Kaisar and good stock for shorting.
     
    shabbir, Jan 11, 2014
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  3. myidgmc

    myidgmc Member

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    currently the stock trading @653.20 is this correct stock am i looking at?
    and is ABB stock is trading in options segment?

    Thanks.
     
    myidgmc, Jan 11, 2014
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  4. shabbir

    shabbir Administrator Staff Member

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    No it is not traded in FnO
     
    shabbir, Jan 11, 2014
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