A MOVE IS EXPECTED!!
Buy above 467.9
Sell below 466.2
Avoid the stock if a big gap up or gap down is seen
Enter after the breakout happens and not before it
Do not chase the market, i.e., do not get involved in late entries
Only enter with strict stop-loss and target
This is not a recommendation and is for educational purposes only.
Hexaware Technologies Limited : IT Service Management Company ( NSE:HEXAWARE ) is Making Rectangle Channel Pattern (PATTERN BREAKOUT TRADE).
This can become a very good trade for INTRADAY traders.
Target + StopLoss: There is no target here. You keep the first target as much as the StopLoss you put. And the StopLoss will be the Low/High of the candle that...
Hexaware made a small ranged red candle inside the previous wide range green candle on day timeframe.
Can be traded in breakout of either direction.
Long above 325.10
Short below 317.20
Targets: 1% in either direction.
NOTE: Trade with confirmation of momentum & volume on lower timeframes in intraday.
Hexaware on daily time frame has formed DOJI for the last 2 days with the latest candle contracted inside the previous.
The doji indicate uncertainty in the price, hence trade the breakout of the inside bar in either direction.
Long above 330.05
TGT 1: 335.45
Short below 311.30
TGT 1: 306.55
TGT 2: 300.05
NOTE: Trade with confirmation of momentum & volume on...
1. Near Trend Line Breakout in Weekly chart
2. Breakout in OBV
3. More than Daily Normal Volume in the last trading session
4. Formation of Bullish Marabozu Candle in Weekly basis
5. Expecting it to form a Higher high pattern in Weekly basis
Long for a Target of 360 in 20 to 25 Trading Sessions
#Disclaimer: I'm not a SEBI...
Hexaware is set to decline again to complete the Zigzag correction on the longer timeframe. Wave A and Wave B have already unfolded and targets for Wave C should be equal to Wave A which comes just below 200. 61.8% Fib comes around 220 levels. One can take short positions with stoploss above 380 for the targets of 220 and 190. Its a long term trade so it will take...