ABB India shares gained nearly 4 percent on April 25, continuing the uptrend for the second consecutive session after taking support at around Rs 3,140 levels. The stock closed at Rs 3,336 and has formed a long bullish candlestick pattern on the daily charts making higher highs and higher lows formation for yet another day.
With Tuesday's move, the stock climbed decisively above the 50-day EMA (exponential moving average - Rs 3,225) as well as the 21-day EMA (Rs 3,268). It already traded above 100 and 200-day EMAs, which is a positive sign.