ABB India Falls 3.7% on Confirmed Wedge Break

fell 3.70% to settle at Rs 7,005, extending the breakdown below the rising wedge's supporting trendline that had held since April 2026. As per the standard read on this pattern, the trendline break points toward the prior reaction low near 6,700 as the next level in focus. RSI has slipped to 30.95, its weakest reading since the wedge began, reflecting the sharp loss of momentum behind today's move. Resistance: 7,300-7,400, then the broken trendline zone near 7,600-7,700, which would now act as resistance on any pullback attempt. Support: 6,900-6,950, then the 6,700 level marked on the chart. With the breakdown already confirmed by today's sharp fall, the 6,700 zone stays the level to track — whether it holds as support or gives way further will matter for how the structure develops from here. A pullback that fails to reclaim the broken trendline would keep the setup weak. A sharp single-day move confirming a pattern break adds conviction to the breakdown, though the prior reaction low remains the reference level to watch for support. Disclaimer:This is for educational purposes only and is not investment advice. Please consult your financial advisor before making any investment decisions. SEBI Registered Research Analyst — INH000025212.