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Discussion in 'Technical Analysis' started by siva934127, Dec 19, 2014.

  1. siva934127

    siva934127 Member

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    Hi Shabbir,

    For short term I bought this stock 2 days back at 206.80 but now it is in the range between 207.80 to 198.50, nifty is gaining and cnxit is also gaining but this stock not appreciating with both index .... I am expecting if market falls this stock will dive to down side ...

    INR also appreciating to upside, it is favour to IT.

    please let me know can I hold or not my stop loss is 201.50 only.

    Please find the attachment.

    Thanks,
    Siva.
     

    Attached Files:

    Last edited: Dec 19, 2014
    siva934127, Dec 19, 2014
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  2. saptarshi_sachin

    saptarshi_sachin Responder

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    Yes siva.... What you said is correct. Hexaware is not giving any significant bounce back from lower levels. The only good thing is that it has not breached 200 on Fri and you can keep a stop loss at 199 (just below 200) for it. Hexaware is underperforming at the moment and i guess lot of shorters are still active in hexaware and they are shorting it on small rises. I believe there will be some short covering seen as expiry is near, so hold on with a stop at 199 (just below 200).
     
    saptarshi_sachin, Dec 20, 2014
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  3. shabbir

    shabbir Administrator Staff Member

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    Yes with stop around 195ish, you can always hold this stock but then don't expect to go beyond 210 easily
     
    shabbir, Dec 20, 2014
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  4. saptarshi_sachin

    saptarshi_sachin Responder

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    Hexaware struggling@ 195
     
    saptarshi_sachin, Dec 24, 2014
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  5. siva934127

    siva934127 Member

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    yesterday I sold of at 201.50 and took position future sell and closed today also.

    Thanks,
    Siva.
     
    siva934127, Dec 24, 2014
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  6. saptarshi_sachin

    saptarshi_sachin Responder

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    Ok great!
     
    saptarshi_sachin, Dec 24, 2014
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