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Price and trend forecast of ABBOTINDIA for Tomorrow, Weekly, Monthly

Abbott India Limited

Symbol: NSE:ABBOTINDIA

ISIN: INE358A01014

26,499.00

As on 2024-04-12

20,605.05 (52W Low) 29,638.95 (52W High)

ABBOTINDIA's Today's Performance

Abbott India Limited started the day by opening at 26,920.05 today 2024-04-12. Its shares reached a high of 27,275.00 and dipped to a low of 26,409.90 in intraday. When the markets closed, ABBOTINDIA’s stock price settled at ₹26,499.00 per share. Also check out its key support and resistance levels.

ABBOTINDIA Buy/Sell Targets

Tomorrow, sell ABBOTINDIA when its price reaches ₹ 26,499.00 with a stop-loss order at ₹ 26,851.64. You can set the target price as ₹ 26,146.36 to capture potential gains. This sell position balances the risks and rewards evenly, aiming for a 1:1 risk-reward ratio.

In the sections below, we will discuss detailed share price target of ABBOTINDIA for tomorrow's session along with weekly support and resistance. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.

Important Resistance for ABBOTINDIA

Resistance Levels Value in ₹
Tomorrow Resistance 1 27,046
Tomorrow Resistance 2 27,593
Tomorrow Resistance 3 27,911

Important Supports for ABBOTINDIA

Support Levels Value in ₹
Tomorrow Support 1 26,181
Tomorrow Support 2 25,863
Tomorrow Support 3 25,316
Based on where the stock opens tomorrow, if ABBOTINDIA opens on a positive note, our first target will be ₹27,046. If Target 1 is achieved, we will aim for Target 2 which is ₹27,593.

But if ABBOTINDIA falls below the average value of ₹26,727.97, you can enter a sell side position with target number 1 - ₹26,181 and second target - ₹25,863 This average value also act as support and resistance level. When the stock is trading above the average, it will act like support area. Another important thing is, stocks usually get back to this average value when the price trades too far from avg. In simpler words we can consider the average price as a magnet.

Daily Volume chart of ABBOTINDIA

Looking at ABBOTINDIA, we've seen a Increasing trend in its trading volume over the past week, which really tells us how active traders have been with this stock.

In terms of its price, ABBOTINDIA has been on a Downward path, giving us insights how its value changes in the market.

Based on this, the predicted sentiment for ABBOTINDIA is strong bearish.

Tomorrow's Volume based share price Forecast for ABBOTINDIA

ABBOTINDIA's Volume is currently in a Increasing trend, and Price is in a Downward direction. Therefore, we can say the stock is in a strong bearish trend. Volume trend strength over the last month compared to the last week is 92%.

Reversal detection for ABBOTINDIA

Predicted trend chart of ABBOTINDIA tomorrow for price forecast
ABBOTINDIA may trend may continue to be bearish since stock is making lower low and we can get target of ₹26894 in morning tomorrow
Target 1 tomorrow27058
Target 2 tomorrow27263
Target 3 tomorrow27593
 

Investferry’s trend analysis method detects short term overbought and oversold situations to identify reversal in stocks. Use this as reference for short term counter trend trades.

Combine this trend forecast with ABBOTINDIA's tomorrow's target prediction and you will have a base for what can be done in the upcoming trading session.

Based on where the stock opens tomorrow, if ABBOTINDIA opens on a positive note, our first target will be ₹27,046.03. If Target 1 is achieved, we will aim for Target 2 which is ₹27,593.07.

But if ABBOTINDIA falls below the average value of ₹26,727.97, you can enter a sell side position with target number 1 - ₹26,180.93 and second target - ₹25,862.87

ABBOTINDIA's Weekly Targets
1st Up Target 27,095.33
2nd Up Target 27,691.67
1st Down Target 26,082.33
2nd Down Target 25,665.67

As the week for ABBOTINDIA ended on bearish sentiments, we can expect further continuation of this sentiment. ABBOTINDIA's initial target will be 27,095.33 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 26,082.33 in the upcoming week.

Weekly OHLC Values
Open 26,783.80
High 27,275.00
Low 26,262.00
Close 26,499.00

Week for ABBOTINDIA started with an open price of 26,783.80, and the close was at 26,499.00. ABBOTINDIA reached the highest of 27,275.00 and dipped lowest up to 26,262.00 last week. This indicates a bearish sentiment for the week.

ABBOTINDIA full month swing targets
Monthly Up Target 1 28,108.33
Monthly Up Target 2 28,704.67
Monthly Down Target 1 25,069.33
Monthly Down Target 2 23,639.67

Targets of ₹28,108.33 can be expected to be reached in the coming month. Once ABBOTINDIA achieved this target, we can aim for the next upside target of ₹28,704.67.

ABBOTINDIA if fails to hold upside, down targets of ₹25,069.33 and ₹23,639.67 can be achieved by end of this month.

For complete three weeks if ABBOTINDIA is bullish, the stock may decline in the last week on the month as traders usually close their positions. So in this case, you should aim for weekly support level which will act as targets here.

Related Stocks in the Same Sector as ABBOTINDIA

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Summary

ABBOTINDIA is expected to reach the target of 27,046.03 in tomorrow's trading session.

After achieving the initial target in ABBOTINDIA, we will aim for higher targets of 27,593.07 tomorrow.

However, if ABBOTINDIA starts to trade below ₹26,727.97, then we will shift our focus to the sell side and aim for down targets of 26,180.93 and 25,862.87.