Expecting a Bullish Momentum in SAKSOFT

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

Therefore, we are expecting to witness a bullish momentum in the stock in the upcoming trading sessions. Wherein, the stock is being expected to face a resistance initially at around the levels of 753.60, 777.50, and 814. Whereas, on the other hand, on the downside levels, the stock may face a support at the level of 719, on closing basis.
Closing Price (as on 10.05.22) : 740


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Comment:

SAKSOFT has successfully reached its predicted 1st level of Resistance, reflecting an upmove of 1.84% approx.