Investment Pick : Weekly & Daily Charts Given Breakout

Mar 24, 2017

Hexaware Tech, Daily as well as Weekly Chart given breakout after a long period of consolidation.

Weekly chart shown above - Daily chart will be shared as an update on the same thread.

Target 1 - 270+
Target 2 - 325+
Stop loss : Below 185 (Close basis)

Buy range - Near to the daily upper trend line ( 200-210)

Time Horizon : 6+ months.

Company has decent fundamentals. refer screener.in for more details.

- Company is virtually debt free.
- Stock is providing a good dividend yield of 3.86%.
- Company has a good return on equity (ROE) track record: 3 Years ROE 28.78%
- Company has been maintaining a healthy dividend payout of 80.37%
- Balance sheet is decent with good amount of reserves

Chart & details shared for study purpose - Please consult financial advisor before invest.

Regards
Gulz

Mar 24, 2017

Note

Daily Chart :

Apr 10, 2017

Trade active

Apr 30, 2017

Trade active

Sharp impulses on chart - This is how it works , combination of daily + weekly chart

Jun 18, 2017

Trade active

Target 1 is nearby

Aug 24, 2017

Trade closed: target reached

First Target achieved

Feb 18, 2018

Trade closed: target reached

2nd Target also achieved -- just updating the thread.