Expecting a Bullish Move in CADILAHC

As per the 2 Hour Chart of CADILAHC, we have witnessed the Formation of a “Bullish Engulfing” on the downside.

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 393.10, 398.55, and 404.30. Whereas, on the other hand, on the downside levels, the stock may face a support at the level of 380.25, on closing basis.
Closing Price (as on 27.01.22) : 385.10


Disclaimer: No financial information whatsoever published here, should be construed as an offer to buy or sell securities, or as advice to do so in any way whatsoever. All matter published here is purely for Educational and Information purposes only and under no circumstances should be used for making investment decisions. Viewers must consult their personal financial advisor before making any actual investment decisions, based on information published here. Any Investor or Trader taking decisions based on any information published here, does so entirely at its own risk. Investors and Traders should bear in mind that any investment in Stock Market is subject to unpredictable market-related risks.

Comment:

CADILAHC has successfully reached its predicted 1st level of Resistance, reflecting an upmove of 2.08% approx.

Comment:

CADILAHC has successfully reached its predicted 2nd level of Resistance, reflecting an upmove of 3.50% approx already.

Comment:

CADILAHC has successfully reached all of its predicted levels of Resistance, reflecting an upmove of 4.99%