Tuesday 12 March 2013

Breakout in Hexaware technologies

Hexaware technologies has given a breakout from ascending triangle. The stock is on a bullish bias from past few trading sessions.


                                                    Hexaware Technologies Daily chart

The CNX IT has rallied a lot and has been consolidating from past 3-4 trading sessions. So dips in the counter can be used to accumulate around Rs. 87 - 90 odd levels with sl below Rs. 84 for targets Rs. 96 - 100 - 112.



                                              Hexaware Technologies Weekly chart

The weekly chart also confirming the bullish signals on the counter. The weekly close above can lead the stock rally towards 100 - 110 odd levels in coming days.



Raju V Angadi
 Equity Research Analyst

To know more about probable counts contact us back on rvangadi@googlemail.com.


Disclaimer: This is just an view based on the research of individual. So kindly trade along with the consultation of your financial adviser, market trends, price action and own risk appetite considered while investing or trading in stock markets.

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