Long.Intraday. 27/6/18-It is a move with the long term trend,hence there is a greater degree of conviction in the trade.
HEXAWARE
Hexaware,Moving average based trade.(LONG)Hexaware industries has been consistently making Higher Highs and Higher Lows since 2013 on Weekly Time frame,based on that,it is safe to assume that share will indeed breakthrough the current resistance area of 450-460.
Hexaware Moving average based trade.Hexaware Industries as been consistently making Higher Highs and Higher Lows since 2013,based on the strong uptrend,it is expected that the script will be able to push through the current resistance area of 450-460.
PS:
Hexaware on verge of breakoutHexaware chart indicates that it is on the verge of breakout (either direction)....
I would place a buy order at 223 for buy....
If it falls then i would sell at around 405...
Will update targets later once level is executed
HEXAWARE Lifetime BreakoutHexaware recently made a lifetime high and is testing it again. COmpleted the Blue Bat too
symmetric Triangle on Hexawaresymmetric Triangle on Hexaware and it may break either side.
Trade Long:
Buy - 250
Target - 262
Stop loss - 240
Trade Short:
Short - 240
Target -238
Stop loss - 250
Descending Triangle on HexawareDescending Triangle pattern formation on Hexaware and it will break downside. Indicators are showing neutral bearish.
Trade:
Short below - 240.50
Target 1 - 238.00
Target 2 - 235.50
Stop Loss - 244.00
Hexaware - Indicating Weakness AheadIt is been observed that the price action is indicating weakness and strong selling pressure at higher prices. It shall further go down from current price action.
Target 1: 235
Target 2: 230
Stoploss: 248
hexaware outside bar on weekly trendline & rounding bottom HEXAWARE has formed out side bar on weekly trend line and formed rounding bottom pattern.
Target 1= 235 (38% fib level)
Target 2= 273 (61% fib level & pattern tgt)
stop loss =198 > (weekly close)
HEXAWARE Buy Learning using PFAndrews has taught that if price crosses the Median Line without halting there it is sign of strong bullish move and that in this scenario movement is expected till the other parallel. Mostly price comes back to retest the Median Line within 3 days thus giving a good entry. It is the perfect example to the technique. Pitchfork seems reasonable so one can expect the price to go till other end.
Educational 19: Triangle Pattern Formations (Watch-list)It is been observed that some of the charts are forming a symmetrical triangle on the daily chart which can provide good returns in coming days.
On verge of Breakout:
1. Hindpetro
2. South Indian Bank
Successful Breakout:
1. Hexaware
2. SRF
Regards
Hexaware - In verge of a BreakoutStock is in verge of a falling Channel breakout. Also, MACD is in buy mode.
Uptrend Channel buy Hexaware!Classical buy Uptrend Channel touch long trade is possible by risking a small amount. Stop Loss 194 on closing basis target around 220.
Hexaware - Facing Resistance Selling Pressure (Sell Setup)It is been observed that the price action on daily chart, firstly breakout from a downtrending channel, indicating bullishness. It did go up and now it is facing a high selling pressure at the resistance between 205-210 levels, which may correct the price action to 195 levels where again a heavy buying can been seen.
Target: 195
Stoploss: 211
Hexaware Breakout Support and Channel (Sell)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
Hexaware Looking WEAK, Breaks out Previous SUPPORT (SELL)As highlighted on the chart, there were three touch and go candlesticks formation observed at supports level of 202 on the weekly chart. As per the last week closing, this time the sellers was in control with price action and breaks below the buying zone or the support level of 202 indicated weakness and sell off in coming week. I expect the target to be 180 levels which is the previous resistance zone, which may act as a new buying zone. It is at a gap of 8% from the last closing price of the candle. It is a good time to short with sellers in the market with stoploss at 232.
