Pick of the week: ABB

1. ABB India Limited.
 ABB is a multinational corporation headquartered in Zurich, Switzerland, operating mainly in robotics and the
power and automation technology areas. It ranked 158th in the Forbes Ranking.
 ABB is one of the largest engineering companies as well as one of the largest conglomerates in the world. ABB has
operations in around 100 countries, with approximately 150,000 employees in November 2013, and reported
global revenue of $40 billion for 2011.
 ABB is the world's largest builder of electricity grids and is active in many sectors, its core businesses being in
power and automation technologies. The company has one corporate division and five production divisions since
re-organization in January 2010. ABB is one of the few large companies that have successfully implemented the
matrix structure in their organization.
 ABB is traded on the SIX Swiss Exchange in Zürich and the New York Stock Exchange in the United States. ABB is
also traded on the National Stock Exchange of India and on the Bombay Stock Exchange. The Indian subsidiary of
ABB has a market capitalization of over 24,734 Cr.
 Technical Outlook
 On daily chart, the stock has completed a “Bullish Anti-Alternate Shark” harmonic pattern at 1018.50 levels the
co-ordinates of which are as follows: Technical Parameter: XA of the leg from 985 to 1445, AB of the leg completed
at 1181.50 (i.e.61.80% of XA leg.), BC of the leg completed at 1420 (i.e. near 78.60% of AB leg), CD of the leg
completed at 1018.50 levels. (I.e. 88.6% of XA and 200.00% of BC leg).
 On daily chart, stock has given breakout of upper band of its “Falling Wedge Pattern” with above average volume,
which suggests for upside movement.
 Since last 8 days, stock has been trading above its short term moving average 21 DMA which is placed at 1103
level, which shows that short to medium trend is up.
 Recently, stock has shown time base correction from its all-time high which is placed at 1526 level, however the fall
in price has halted at 1045 level, which is 50.00% Fibonacci retracement level of its previous bull run from 567 to
1526 level.
 Besides, stock has taken support of its 100 Week Moving average which is placed at 1078 level on weekly chart,
and give good upside move, which would likely to continue further in coming few trading session.
 Apart from this, stock has formed “Bullish Hammer Candlestick” near to its support of 100 Week Moving average,
which is sign for bullish reversal.
 A momentum indicator RSI reading is at 56.65 level and has given good bounce back with the support of 30 marks,
which point out of for positive breath in the stock.
Company ABB
Recommendation Buy
Sector : Heavy Electrical
CMP : 1170 & Buy Upto 1140
Price Potential : 1380
Stop Loss (Closing Basis): 1070
Mkt Cap (Rs. Cr.): 24,734
TTM EPS (Rs.) 11.37
TTM Sales (Rs. Cr.) 7,718
BVPS (Rs.) 137.55
Reserves (Rs. Cr.) 2,872
P/BV 8.49
PE 102.68
Bloomberg Code : ABB:IN
Reuters Code : ABB.NS
TW = Twelve Months
TTM= Trailing 12 months
SEBI Registered – Research Analyst Equities I Commodities I Currencies I Mutual Funds
Pick of the Week: ABB India Limited.
17th Oct, 2015
www.choiceindia.com *Please Refer Disclaimer on Website

2. Pick of the Week: ABB India Limited.
17th Oct, 2015
SEBI Certified – Research Analyst Equities I Commodities I Currencies I Mutual FundsSEBI Registered – Research Analyst Equities I Commodities I Currencies I Mutual Funds
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checking the correctness and authenticity of the information contained in this recommendation, but Choice Broking or any of its subsidiaries or associates or employees shall not be in any way responsible for any loss or damage that may arise to any
person from any inadvertent error in the information contained in this recommendation or any action taken on basis of this information. Technical analysis studies Aprilket psychology, price patterns and volume levels. It is used to forecast future price
and Aprilket movements. Technical analysis is complementary to fundamental analysis and news sources. The recommendations issued herewith might be contrary to recommendations issued by Choice Broking in the company research undertaken as
the recommendations stated in this report is derived purely from technical analysis. Choice Broking has based this document on information obtained from sources it believes to be reliable but which it has not independently verified; Choice Broking
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Contact Us
Kunal Pamar (Research Associate)
kunal.pamar@choiceindia.com
PERFORMANCE TRACKER
www.choiceindia.comcustomercare@choiceindia.com
Ritesh Patel(Research Associate)
ritesh.patel@choiceindia.com
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Vikash Chaudhri (Research Associate)
vikas.chaudhari@choiceindia.com
Date Lot Size
Type of
Call
Equity Initiated SL TGT Result
%
Return
Profit /
Loss
Total
Profit
14.08.15 125 Buy ACC 1378-1360 1300 1550 Book Part Profit @ 1445 on 19.08.15 4.86 67 8375
22.08.15 100 Buy BAJAJCORP 488-505 455 600 Stopped out on 24.08.15 -9.90 -50 -5000
28.08.15 125 Buy BAJAJ-AUTO 2260-2230 2130 2500 Book Profit @ 2475.50 on 05.10.15 11.01 246 30688
05.09.15 1000 Buy BHARTIARTL 353 325 410 Open
12.09.15 1000 Buy TVSMOTORS 228 215 272 Book Part Profit @ 243 on 07.10.15 6.58 15 15000
19.09.15 2000 Buy IDFC 131-133.70 121 160 Book Part Profit @ 140.65 on 21.09.15 5.20 7 13900
26.09.15 250 Buy JUBLFOOD 1595-1613 1525 1820 Book Part Profit @ 1685 on 05.10.15 5.64 90 22500
03.10-15 250 Buy LT 1490-1475 1400 1675 Book Part Profit @ 1565 on 12.10.15 5.00 75
10.10.15 1000 Buy ICICBANK 286-278 265 335 Open
Total 85463
Kunal Parmar
Digitally signed by Kunal Parmar
DN: cn=Kunal Parmar, o=Choice Equity Broking Pvt Ltd.,
ou=Research Dept.,
email=kunal.parmar@choiceindia.com, c=IN
Date: 2015.10.17 15:41:02 +05'30'