NeeteshJain
Short

Hexaware Breakout Support and Channel (Sell)

NSE:HEXAWARE   HEXAWARE TECH
It is been observed that the price action is trending down on weekly chart and now it has broken the previous support levels of 183 on daily chart , which indicates further weakness. On weekly chart, we can see a strong suport level which can be our next potential target.

Target: 170
Stoploss: 195
Trade active: Breakout from Crucial support levels confirmed. Targets shall be reached soon. Regards
Trade active
STOP LOSS TRIGGERED in Hexaware
+1 Reply
NeeteshJain kalyan1434
@kalyan1434 Yes It did. The trade was initiated at around 194 levels and it did come down to around 179 levels, a good move of around 14 points or more than 7%. The call did come out well. The trend is still down until the price action breaks and close above 240 levels. Thanks for the follow up, Regards.
Reply
great pick !

+1 Reply
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