Expecting a Bullish Move in BAJAJCON

As per the 2 Hour Chart of BAJAJCON, we have witnessed a Formation of a “HAMMER” Pattern on the downside levels.

Therefore, we are expecting to witness a bullish momentum in the stock in the upcoming trading sessions. Wherein it is being expected to face a resistance initially at around the levels of 163.40, 167.25, and 174.20. Whereas, on the other hand, on the downside levels, the stock may face a support at the level of 155, on closing basis.
Closing Price (as on 07.03.22) : 159


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Comment:

BAJAJCON has successfully reached its predicted 1st level of Resistance, reflecting an upmove of 2.77% approx.