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ABB closed the previous week on a negative note losing 3.15%.Technically, ABB share price will see immediate support at 4,441.80 and immediate resistance would be seen at 4,585.25.
If ABB share price closes below immediate support of 4,441.80, then sharp breakdown can be seen. ABB share price will see major support at 4,356.95 for the week.
On the positive side, immediate resistance will be seen at 4,585.25. Closing above 4,585.25, ABB share price will see a sharp breakout. Major resistance for ABB share price will be seen at 4,643.85 for the week.
Trading range for ABB share price for this week should be between 4,298.35 on down side and 4,728.70 on up side.
ABB Previous Week High: 4559
ABB Previous Week Low: 4415.55
ABB Previous Week Range: 143.45 Points
ABB share price support and resistance for the week (August 14, 2023 – August 18, 2023)
| Level Type | Value |
|---|---|
| Resistance 3 | 4,728.70 |
| Resistance 2 | 4,643.85 |
| Resistance 1 | 4,585.25 |
| Support 1 | 4,441.80 |
| Support 2 | 4,356.95 |
| Support 3 | 4,298.35 |
