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ABB, Siemens, Thermax: How to trade capital goods stocks in this market?

ABB India Ltd (ABB): Although the counter is trading slightly below the 200-day moving average, it has not showed any signs of a bigger breakdown yet.  That said, failing to hold above Rs 1,500 has led to price erosion. Going ahead, if the counter sustains above Rs 1,300 - its immediate support – then a rally towards Rs 1,500 may be expected. The Relative Strength Index (RSI) has held even when the price slipped to a new low. From a medium-term perspective, Rs 1,200 -1,180 remains a strong support.  CLICK HERE FOR THE DETAILED CHART AIA Engineering Ltd (AIAENG):.....

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