A new chapter for IT engagements is unfolding at Hexaware , wherein the company is helping organizations reimagine their businesses, shrink IT costs, enhance business operations, accelerate digital transformation and maximize returns using its Shrink IT Grow Digital strategy.
This strategy with a clear focus on reversing the pyramid engagement model and infusing the flavors of digital & automation helps clients to shrink their budget by 30% for application support and maintenance ( ASM ), testing, infrastructure management services (IMS) and business process outsourcing services.
Hexaware’s Grow Digital services help in delivering differentiated customer experiences by rethinking user experience, redesigning omnichannel process and by incorporating straight through processing.
Source- Corp America 2017
Since 2009 lows@8 - Hexaware completed 1-2-3-4 at 178 lows in mid Oct2016. It has been doing choppy moves since then & we are looking for convincing break above 237 & moving above the cloud shall be the first clue holding 187 on downside once it crosses 237 to convince me that yes it is ongoing 5th minor wave which started in 2009.
Likely, 5th minor should travel close to 335-350 zone, which we will project later as Hexaware clears its direction ahead.
We will look for support between 220-225 which is cloud top edge or moving above 237. So, any buying opportunity -I shall be searching either in 220-225 range or above 237.
What a fall on the short term chart from 236 to 226.
Again it turned down from similar highs as of yesterday at 235.70- Trading in the range identified as 225-237
As per update we were looking for range 220-225 as pullback to take long or moving above 237.
We got the opportunity very close to the expected zone at 226 which was exactly at the cloud upper edge.
One can take long positions above 237 but they will be exposed to bigger risk on the downside.
We are in the trade from 226 - Cloud Edge - Keep Trailing slowly & steadily to win the race like tortoise.
Jackpot Call Hexaware - don't leave this -we are trailing from 226 lows - likely expected upside
Next halt could be 265-270 zone. We are in this call right from the bottom at 226-230
Halted closed to 265-270 - It took turn from 261-262 range -so moving above 250 -it starts upside move again.
Closing this call. Travelled & followed for so many days. Tired.
Abhishek H. Singh, CMT
India Regional Manager
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ