Shares of mid-cap companies like Abbott India, Linde India, Dalmia Bharat, Indraprastha Gas, and ABB India reached new 52-week high, claiming higher grounds with aggressive chart structures.
Indraprastha Gas, for instance, has risen close to 8 per cent this month, while Abbott India and Linde India have gained 3.50 per cent and 3 per cent, respectively.
All of these stocks reaching a 52-week high have established “Higher High, Higher Low” pattern, technically which is considered as a big bullish signal. Every recent decline has seen accumulation, which further encompassed the optimistic stance.
On Monday, Abbott India, Indraprastha Gas and Dalmia