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 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.
In daily, after a 6 months long consolidation price was able to break out of horizontal channel with good volume. Then it came down to retest the resistance level , now moving higher.
with a sl - 920, tgt1 - 1060, in weekly and monthly it is in strong uptrend, so one should ride the trend with a trailing sl.
After the recent correction in feb and mar month, most of the sectoral indices showing hidden bullish divergences in weekly time frame. They are:
So we may expect a good recovery from the current dip and continuation of the medium term...
In weekly, price at horizontal support zone and hidden bullish divergence formed here.
In daily, regular bullish divergence formed here.
current correction retraced around 50% of previous rally.
sl - 273, tgt1 - 363, tgt2 - 470