ABB – Industrial Momentum Rebuilding After Deep Correction

on the weekly chart is showing signs of stabilization after a sharp correction from its previous peak. The stock has formed a higher base and is attempting to reclaim lost momentum, indicating potential structural recovery within the broader long-term uptrend. Technical Setup: Price rebounding from major demand zone around ₹5,000–5,200. Weekly candle shows strong buying interest with rising volumes. Trading back above short-term EMAs; momentum turning positive. RSI rebounding toward bullish zone, indicating strengthening momentum. Key resistance near prior breakdown zone; breakout above that can open higher levels. Fundamental View: Strong beneficiary of India’s capex cycle and industrial automation push. Healthy order book visibility in electrification and robotics segments. Improving margin profile driven by operating leverage. Balance sheet remains robust with strong cash generation. Execution pace and private capex revival remain key triggers.