HEXAWARE

Can I buy shares of Hexaware now?

Flash News Investment - - YOUR TECHNICAL PORTFOLIO GUIDE - - Rahul Goenka

BUY HEXAWARE FOR FIRST TAR­GET OF RS 300

Hexaware is cur­rently trad­ing at Rs 273. Its 52-week high/low stand at Rs 281.35/Rs 178.10 made on Au­gust 17, 2017 and Oc­to­ber 17, 2016, re­spec­tively, which de­picts an up­trend. Con­sid­er­ing the daily time frame, af­ter a mul­ti­ple re­sis­tance break­out near Rs 267 level, the stock has moved in a sym­met­ric tri­an­gu­lar pat­tern. The stock gave a break­out at Rs 280, but could not sus­tain above this level on a clos­ing ba­sis. Hence, above Rs 280, the stock can give an up­side of at least 20 points. Vol­umes are ris­ing and the 14-pe­riod RSI is quot­ing at 62, which sug­gests mo­men­tum at the cur­rent lev­els. Hence, we sug­gest you to Buy above Rs 280-281.

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