ABB

ABB India is witnessing renewed buying interest supported by improving volume activity and strength in the capital goods segment. The stock has been forming a higher-high higher-low structure on the daily chart, indicating a continuation of the bullish trend. Trend: Bullish above key support zone Momentum Indicator: RSI sustaining above 55, showing strength Volume: Gradual increase, signaling institutional participation Trade Setup (Example for StockGro Style) Buy Zone: ₹7,900 – ₹8,000 Target: ₹8,400 Stop Loss: ₹7,600 Potential Upside: ~5–6% Risk-Reward: Favorable (~1:2) Fundamental / News Trigger ABB India continues to benefit from: Strong order inflows in electrification and automation Government push on infrastructure and manufacturing Capex cycle revival in industrial sector These factors are supporting sectoral momentum in capital goods stocks.