Hexaware Video - 237 to 350- New Story Unfolding Part 2

Wish you all happy new year 2018!

As published last on this stock in May 2017 - Journey above cloud @237 - A new story could unfold, I am excited to put video update about that story & its current structure.

Do support & enjoy.

Trade active: 12:17 Hrs 29th Dec2017

Last Price@337.65

Small Downside Target of 336 achieved from close to 340's high of the day. Look for a bounce next in the zone 340-342 keeping strict stops above 345 for downside targets - 336 - 332-329-325 & below 325 -317-315.

Trade active: 13:25 Hrs 29th Dec2017

Last Price@341.70

Day High@342.55

Got the bounce from 336-337 zone as suggested above at 12:17 Hrs in previous message.

If we will look for a failure & keeping stops above 345 which we earned in the bounce to lose effectively zero in the trade.

Trade active: 10:58 Hrs 1st Jan2018

Last Price@345.50

If stop loss taken - Kindly exit & wait outside we are still bearish on the counter until 350 is taken out on upside

Safe Traders - should wait to re-enter short trade & Risky Traders look to enter close to 347-348 with stops above 350.
Trade active: 10:27 Hrs 2nd Jan2017

Last Price@340.50

Awesome to start the new year 2018 with a crackkkkkkkkkkkkk - so be careful

Hexaware - we are the sellers from top- below 350 - Wow! ( Booking Partial Profits at 340 & Sell later below 338.50)

Auropharma sell below 697-698 - be careful

Tata Motors - hardly Pushed above 433 - to 436 - Falling below 433 - Be careful

Nifty - Below 10500 - Updated in Nifty Post - Be careful

Trade active: 11:55 Hrs 2nd Jan2018

Last Price@344.55 ( Last Updated at 340-341 Price Range)

Recent High@346.30

Turning Down from same top@346.30 - Can this happen again holding 350 on tops

Trade active: 13:48 Hrs 2nd Jan2018

Last Price@342

Booking Partial Profits in Selling at tops again from 345-346
Trade active: 14:48 Hrs 2nd Jan2018

last Price@341.65

Hexaware is playing double bottom & double top game - I am playing the same game-are you playing that game.

This time double bottom at 339

We will sell only below 338.50 or at tops again but below 350.

Trade active: 09:20 Hrs 3rd Jan2018

Last Price@349

No Selling Please Crossing 350 levels - Above 350 is bullish scenario as discussed earlier & Below 350 if holds for 5-10 mins then it is bearish.
Trade closed manually: 22:36 Hrs 7th Jan2018

Last Price@359

Closing the update. As updated last above 350 - it will be bullish. Done & Out - Thanks
Best Regards,
Abhishek H. Singh, CMT
India Regional Manager
| LinkedIn
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ
Sir, Excellent analysis. I entered today morning @350 , just now i came across your work. If it falls below 350 for 5-10min, what should be my stoploss.
@syousuf, Market is volatile. I will just say that be careful in your long positions below 350 - I am not in favour of long trades below 350 mark. Yes if holds above that then only but it has been doing up down up down on 350 levels which makes situation even tougher.
syousuf AbhishekHSinghCMT
@AbhishekHSinghCMT, Hi Abhishek, Is 354 the new resistance for HEXAWARE .. Or is it just less volume ?
@syousuf, I said earlier - "I am not in favour of long trades below 350 mark" below 350 only it is problem for buyers.
but volume thin
@venkat, By the time volume builds up it might have dropped to 336 & 330 or risk is 349-350. So, I said if some bounce happens to 347-348 with stops above 350 -Risky Traders can sell -taking 2-3 point risk & gain is 12-13 points. Risk Reward is very nice.
Hexa seems to break out daily trend line
@venkat, Always put a chart if you are telling some trendline breakout else I won't know which trendline were you talking about.
@nptolanur1994, Welcome & Happy New Year2018
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