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Published on 16/08/2019 4:32:37 PM | Source: Choice Broking Pvt Ltd

Buy Hexaware Technologies Ltd For Target Rs.405 - Choice Broking

Posted in Broking Firm Views - Short Term Report| #Hexaware Technologies Ltd #IT Sector #Trading Report #Choice Broking

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* On a daily chart, the stock has already given a breakout of its Range-Bound Movement with aboveaverage volume which indicates a robust upside movement in the counter.

* Moreover, the stock has been trading with its Upward Rising Trend line which suggests a continuation of the trend and based on the which the stock may accelerate is upside movement in the counter.

* Moreover, on a weekly chart, the stock has started to trade with its Positive Crossover of 21*50 Moving Averages which shows a positive rhythm in the counter.

* A daily momentum indicator RSI reading is at 65.35 level with a positive crossover which points out or a positive breath in the counter.

* Based on the above technical structure, we are expecting a good upside movement in the counter in a few trading sessions.

 

Recommendation

Buy Hexaware Technologies Ltd @ 384.00-386.00 Stop Loss 377 Target 405

 

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