buy on dips to be followed for investment

ABB India Ltd. – Share Price Analysis NSE: ABB | 5 October 2026 ABB India is one of the leading players in electrification, automation, motion and industrial technology. From a technical perspective, the stock is currently in a short-term corrective phase after making a 52-week high of around ₹7,923 in July 2026. On 5 October, ABB India was trading around ₹6,882–₹6,895. Technical View The immediate price action suggests that the stock is facing resistance around the ₹6,950–₹7,000 zone. The technical setup remains mixed: shorter-term moving averages are close to the current price, while the 50-day, 100-day and 200-day averages indicate that the stock still has overhead resistance at higher levels. ***** India The most important level to watch on the downside is ₹6,750–₹6,700. This zone can act as an important support area. If the stock sustains above this zone and starts showing buying interest, a technical recovery can develop. On the other hand, a decisive breakdown below ₹6,700 can increase selling pressure and may open the possibility of lower levels. Important Levels Support Levels: ₹6,830 ₹6,760 ₹6,700 ₹6,600 Resistance Levels: ₹6,950 ₹7,075 ₹7,200 ₹7,300 What Should Investors Watch? However, simply touching a support level should not be considered a buy signal. Confirmation through price action, volume and a sustained closing is important. If the stock breaks ₹6,700 decisively, it would be better to remain cautious rather than aggressively averaging the position. The next important downside zone can then come around ₹6,600. Fundamental Perspective The fundamental picture remains relatively strong. ABB India reported record Q2 CY2026 orders of ₹4,363 crore, up about 50% year-on-year. Revenue increased 21% to ₹3,559 crore, while operational EBITA increased 23% to ₹461 crore. The company's order backlog stood at ₹11,898 crore, up 22%, providing good revenue visibility for the coming quarters.