Can I buy shares of Hexaware now?
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.