Short Term Target of Hexaware?

#1
I had shorted one lot of hexaware @ 117.50. The stock had hit the high of 130 on bonus announement and then has come to the level of 113.

What is the outlook on this stock and the strategy for the position?

Regards.
 

Alchemist

Administrator
Staff member
#2
Hexaware is trending upwards and I suggest you keep a stop-loss above yesterday's high.

Yesterday's (12th) high was 123.70.

High on 11th was 124.70.

You can keep a stop-loss of 125.

On the downside there is support at 21 EMA which is currently just below 114.

Watchout for the 21 day EMA.

If the stock falls to 21 day EMA, you can close the position or move down your stop-loss.

Note: Value of EMA changes every day.
 
Top