Technical Analysis of Indian Equities by Nooresh

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Hexaware – Risk-Reward Entry Point with RSI positive divergences

hexaware

 

- > RSI positive divergences.

-> Highly oversold.

-> retest of previous major breakout.

 

Good risk-reward buy

 

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{ 4 comments… add one }
  • Anandha January 3, 2013, 23:31

    Sir ji,

    Excellent call and risk reward ratio.
    You would have posted this little early.

    Regards,
    Anandha

    Reply
    • Nooresh January 4, 2013, 11:50

      Well takes time to post a trade. Because first the trade needs to go to clients πŸ™‚

      Reply
  • Santosh January 4, 2013, 05:38

    Hi Nooresh,
    Any view on Sterlite Technologies your old pick?

    I am still stuck in that from 39 levels.

    Can you throw some light and let me know if I should book losses and switch or still hold?

    Reply
    • Nooresh January 4, 2013, 11:51

      Hi Santosh,

      The stock took a stoploss hit quite a long time back. Seems the downside is limited and can see a reversal soon

      Reply

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