NeeteshJain
Short

Hexaware - Facing Resistance Selling Pressure (Sell Setup)

NSE:HEXAWARE   HEXAWARE TECH
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
Oct 26
Trade active
Oct 27
Trade closed: target reached: Target reached successfully.
It did get high selling pressure as indicated by long wick of high price rejection. Regards.
Nov 03
Trade closed: target reached
Great Analysis sir :) Learning a lot!
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