Expecting to Witness a Bullish Momentum in BSOFT

As per the 2 Hour Chart of BIRLASOFT LIMITED, we have witnessed a Formation of a “Hammer” 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 510.05, 516.60, and 530.10. Whereas, on the other hand, on the downside levels, the stock may face a support at the level of 496.20, on closing basis.
Closing Price (as on 20.01.22) : 502.25


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