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
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CADILAHC has successfully reached its predicted 1st level of Resistance, reflecting an upmove of 2.08% approx.
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CADILAHC has successfully reached its predicted 2nd level of Resistance, reflecting an upmove of 3.50% approx already.
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CADILAHC has successfully reached all of its predicted levels of Resistance, reflecting an upmove of 4.99%