Hexaware - Indicating Weakness Ahead

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It is been observed that the price action is indicating weakness and strong selling pressure at higher prices. It shall further go down from current price action.

Target 1: 235

Target 2: 230

Stoploss: 248
Trade active
Comment: Stoploss revised to 252
Trade active: Going good, did not touch the stoploss 1.
Trade active
Comment: Keep holding Shorts, it shall break by tomorrow or next week. Today, it is just expiry rally.
Trade active
Trade active
Trade closed: target reached: Target 1 reached successfully. Regards
Comment: Target 2 reached successfully. Regards
Trade closed: target reached
Neetesh Bhai you are a true geneous as far as your stock selection and levels are concerned. God bless you.
+1 Reply
@RKN001, I believe stock selection comes with practice as you learn to ignore stocks that are not suitable as per your trading style or skills. I appreciate your generous feedback. Regards
SatyamMishra NeeteshJain
@NeeteshJain, sl hit already in June future s
NeeteshJain SatyamMishra
@SatyamMishra, The price action did reach to the stoploss but it did not close above it convincingly and I still recommended the shorts as it was indicating selling pressure at higher levels and it did fell strongly. There is more downfall to come in this one. Regards
SatyamMishra NeeteshJain
@NeeteshJain, sir it reached to 256 and closed above 252 twice after you recommend short.
NeeteshJain SatyamMishra
@SatyamMishra, Yes, and I still updated the status to Active and also recommended to hold onto the Shorts as it was observing continuos weakness, meaning that price was rising but no delivery and no major buying seen. Sometimes big players move stocks against the trend in order to create panic within retailers investors.
SatyamMishra NeeteshJain
Stop loss of 252 hit today on my June futures :-( I will take a short position tomorrow
what to do now

this is weekly chart, It appears as if it has started its bull phase, but definitely correction may see upto your targets. please see the link above and reply
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