Hexaware : Short Term View

There is a good short term move in large cap IT names like Wipro, Infy, TCS in last month while the markets are behaving sideways with defensive element and currency card playing factors. Low PE ratios also supporting up moves in these stocks.

One can go long in HEXAWARE TECHNOLOGIES LTD. CMP-334. Above 340 close the stock is likely give great up side break out provided the markets does not fall in sell off mode and try to slip towards its lower end of the range of NIFTY 10700. As we can see this stock made 550 around high in September 2018 and has been languishing since, probably ready for some trading action.