ABB - Short to mid-term analysis (NOT A BUY/SELL RECOMMEDATION)

ABB is looking quite reasonable, and the chart indicates short-term bottom formation. Presently , a base for an upside would be 5112. If ABB crosses and sustains above 5112, then we can expect good upside upto 7116-7450+ . On the downside, risk is present if it breaches 4996. Upon breaching 4996, we can expect a downtrend up to the range of 4660-4045.