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Hexaware

Discussion in 'Technical Analysis' started by sujan4bw, Aug 26, 2012.

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  1. sujan4bw

    sujan4bw Member

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    Hi Shabbir,

    Is it Symmetrical or W pattern formation in Hexaware ?

    It's having resistance in range of 129 -134. Let me know your views on this chart.

    Regards
    Sujan
     

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    sujan4bw, Aug 26, 2012
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  2. shabbir

    shabbir Administrator Staff Member

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    Bullish trend with 100 to 110 as very strong support but then 130 as you pointed out has strong resistance and so let it consolidate between 110 and 130 for some time but should be stock in your list.
     
    shabbir, Aug 26, 2012
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  3. sujan4bw

    sujan4bw Member

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    Hexaware is verge of 52 week breakout today.

    52 week high is 133.85.....so far today's high is 133.65
     
    sujan4bw, Sep 7, 2012
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  4. sujan4bw

    sujan4bw Member

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    Hexaware is trading at 134 now....which is 52 week high.
    Breakout with good volume.
     
    sujan4bw, Sep 9, 2012
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  5. ggchavhan

    ggchavhan New Member

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    Dear Sujan

    Should we wait to close @ 136+ and take position or already breakout and ready to go long ?
    I am expectiong comment of Shabbir as well
     
    ggchavhan, Sep 11, 2012
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  6. shabbir

    shabbir Administrator Staff Member

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    The breakout is round the corner and you can wait for major level of 135 to cross.
     
    shabbir, Sep 11, 2012
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  7. sujan4bw

    sujan4bw Member

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    Hexaware touched high of 137 today....gained 3% today itself.
     
    sujan4bw, Sep 11, 2012
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  8. tarak_desai

    tarak_desai New Member

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    I guess 136+ on closing basis should eb good entry point.
     
    tarak_desai, Sep 11, 2012
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  9. sujan4bw

    sujan4bw Member

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    yes can enter above 136.
     
    sujan4bw, Sep 11, 2012
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  10. tarak_desai

    tarak_desai New Member

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    Shabbir, during breakout? we should wait till major resistance is crossed atleast couple of times on closing basis? or a single breakout on closing basis should be good entry point ?

    Let me know your views.
     
    tarak_desai, Sep 11, 2012
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  11. suneelkoul

    suneelkoul New Member

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    What should be the target? i would appreciate if you can point me in the direction as to how we calculate the target levels :).
     
    suneelkoul, Sep 11, 2012
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  12. sunil_hajeri

    sunil_hajeri New Member

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    Entry point should be around 130-135 Target is 150 SL 115
     
    sunil_hajeri, Sep 12, 2012
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  13. shabbir

    shabbir Administrator Staff Member

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    Target should be 2,3 or even 4 times your stop loss amount.

    So if you purchase as stock at 100 Rs with stop loss of 90 then you are ready to loose 10 Rs and so your target should be 20, 30 or 40 Rs Profit.
     
    shabbir, Sep 12, 2012
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  14. sachinmore08

    sachinmore08 New Member

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    Hi Shabbir, When you say strictly follow profit target.. So you mean dont book profit even though price touches slightly below 20 lets say 15? Now Suppose if from there price retraces back and stop loss triggered then is it still okay ?
     
    sachinmore08, Sep 12, 2012
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  15. shabbir

    shabbir Administrator Staff Member

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    I always say strictly follow stop losses but targets can be adjusted always.
     
    shabbir, Sep 13, 2012
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  16. sachinmore08

    sachinmore08 New Member

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    took position at 136.5 but today CMP is 131....need opinion whether to exit or wait for re bounce as 131 seems to be support?
     
    sachinmore08, Sep 17, 2012
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  17. shabbir

    shabbir Administrator Staff Member

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    What was your stop loss and according to me it should have been 125.
     
    shabbir, Sep 17, 2012
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  18. aveerareddy9

    aveerareddy9 New Member

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    Hexaware seems formed a triangle

    Hi

    Hexaware formed a triangle and it might break. please correct me
     

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    aveerareddy9, Oct 2, 2012
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  19. aveerareddy9

    aveerareddy9 New Member

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    past 3 days volumes are good

    past 3 days volumes are good
     
    aveerareddy9, Oct 2, 2012
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  20. sanjay_sansanwal

    sanjay_sansanwal Contributor

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    For me it is not looking good to enter in the trade, cause more chances to get in stuck or hit stops.
    It is consolidating between 105-140 so it has to break any level to get in trade.
     
    sanjay_sansanwal, Oct 2, 2012
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