Flag breakout and volume Doji Bullish..

Hexaware is breakout flag and crate Doji, Hexaware trend is up so create a long position.

5 Comments

EQSIS 7 years ago

Very good spot, Here stop loss can be 210 and target should be calculated accordingly

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Author

Maruti Patil 7 years ago

Thanks sir..
Positional call buy above 223.00
Stop loss – 210
Target – 1st -236, 2nd 258.00

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satish katwate 7 years ago

very good maruti

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Author

Maruti Patil 7 years ago

Thanks sirji

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V.VEDANAYAGAM 7 years ago

Dear sir /madam
The profitability of the plan is doubtful because
1 .The breakout candle is only a spinning top( ie variation of Doji ) and not a NORMAL bull candle.

2. More over the said breakout candle closed only at the existing resistance of Rs 122 (Ref 24.08.2016) and hence the real breakout is yet to be done by the bulls.

3 The RSI also shows 69
However the strong support is at Rs 211 (200 EMA)

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