Stock Picks

Hexaware: Is the rally exhausted?

HEXAWARE

This is the daily chart of Hexaware Tech which has shown strength despite a crack in the markets. But will it be able to sustain? Notice a divergence being formed in the RSI and PRICE. The price is rising despite a declining RSI. This could be an early indicator of exhaustion in the rally. Once the RSI and Stochastic start dipping, a positional trade can be made on this counter for a 10% around dip.
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