ABB – DOUBLE TOP

Here the fight by suppliers seems dominating and the third Top in the sequence finally occurs with high volume on May 25th. The duration between two TOPs is 20 days and the stocks can be sold off on 2nd June, 2015(Entry Point – 1317.8). The target is kept at 1239.7, which is achieved on 21st August, 2015 after seeing some bulls in the market.