Stock analysis Hexaware Technologies Ltd HEXT
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Technical analysis forecast for Hexaware Technologies Ltd Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Hexaware Technologies Ltd HEXT at this time. Stock is falling and might fall more.
It appears as if Hexaware Technologies Ltd HEXT gave a large move recently.
Stock of Hexaware Technologies Ltd (HEXT) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...
My analysis of Hexaware Technologies Ltd is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Hexaware Technologies Ltd stays below 703.5, but if it comes above 703.5, then a intra day buy could be more profitable.
If you take a sell trade below 703.5, then use 703.5 as stoploss and 659.2 as target. However if you take a buy trade in Hexaware Technologies Ltd, then use 703.5 as stoploss and 740.31 as target.
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