Earlier, Bhel had reported rather disappointing results, giving away that the sector was not doing well. That was only confirming the slowed down nature of the core industries, to which both ABB and Bhel serve.

But after the results the ABB scrip has now hardened to Rs 320 with a spurt in volume to Rs 3.19 crore from Rs 2.03 crore. The daily stochastic indicator has given a buy signal. Considering both this signal and the volume pick up, one should now put this scrip on focus. The market is facing an uncertain mood. Should this scrip continue not to go further under bear pressure, it is time to start picking up ABB in small lots.