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.
Trade active
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15:25 Hrs 2nd May2017
Last Price@230
What a fall on the short term chart from 236 to 226.
Trade active
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12:16 Hrs 3rd May2017
Last Price@232.50
Again it turned down from similar highs as of yesterday at 235.70- Trading in the range identified as 225-237
Trade active
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10:52 Hrs 4th May2017
Last Price@240
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.
Trade active
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14:01 Hrs 8th May2017
Last Price@247
We are in the trade from 226 - Cloud Edge - Keep Trailing slowly & steadily to win the race like tortoise.
Trade active
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10:20 Hrs 15th May2017
Last Price@252
Jackpot Call Hexaware - don't leave this -we are trailing from 226 lows - likely expected upside
Trade active
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19:42 Hrs 16th May2017
Last Price@255
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.
Trade closed manually
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12:55 Hrs 26th May2017
Last Price@253
Closing this call. Travelled & followed for so many days. Tired.
Comments
Yp2303
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Yes very bullish on lt.charts it can even touch 400 plus in 12 to 15 months as i expect nifty near 10300 lvl. Before march 2018
guide733
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I didnt trade this stock but it has beautifully crossed above 237 and gained nearly 10 points. Excellent advice.Thank you sir. It is good learning as well.
ArjunT
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above 237; trade active?
WaveTalks
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@ArjunT, Trade active below 237 - I said either look for a pullback to 220-225 or move above 237- It came to 226 close & bounced as well. I updated above on 2nd May2017 at 15:25 Hrs.
ArjunT
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@AbhishekHSinghCMT, so now wouldn't be a good time to initiate longs?
WaveTalks
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@ArjunT, You can but your risk becomes more on downside. Can you afford against moves below 215 because 215 will be level which should not be taken out downside- for bullish moves upside.
ArjunT
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@AbhishekHSinghCMT, ccool! thanks. so if there's a pullback to 225ish area, one can again initiate longs with 215 as SL?
WaveTalks
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@ArjunT, Yes. It can be done, but I am out today so can track tomorrow only next. Trade with care.
sandy
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buslish higher high lower low has already been placed in the charts
WaveTalks
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@sandy, Well, let us see. I am also bullish on this counter if sustains above 237.