Short
Hexaware - Facing Resistance Selling Pressure (Sell Setup)
It is been observed that the price action on daily chart, firstly breakout from a downtrending channel, indicating bullishness. It did go up and now it is facing a high selling pressure at the resistance between 205-210 levels, which may correct the price action to 195 levels where again a heavy buying can been seen.
Target: 195
Stoploss: 211
Target: 195
Stoploss: 211
Trade active
Trade closed: target reached
Target reached successfully. It did get high selling pressure as indicated by long wick of high price rejection. Regards.
Trade closed: target reached
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.