ABB India: Moving Average Recovery Builds

ABB India is showing a strong short-term recovery on the 4-hour chart after reversing from the ₹6,100–6,300 support area. Price has climbed back above both moving averages and is currently near ₹7,040. The faster moving average is near ₹7,001, while the slower average is around ₹6,880. This positive alignment shows that the latest move has regained momentum after the October decline. ABB MACD has turned decisively positive. The MACD line is above the signal line and the histogram has expanded into green territory, indicating that buying momentum is strengthening. The rise is sharp, so some consolidation near the current level is possible, but the indicator structure remains supportive while the histogram stays positive. The immediate resistance zone is ₹7,100–7,200, followed by the earlier swing area near ₹7,400. A sustained close above ₹7,200 can strengthen the recovery further. On the downside, ₹7,000 is the first support, followed by ₹6,880. Holding above these moving-average levels would keep the short-term trend constructive.