IIFL is bullish on Hexaware Tech and has recommended buy rating on the stock with a target of Rs 91 in its February 1, 2012 research report.
"Hexaware Tech on the daily chart has signaled breakout from ascending triangle above Rs84.50 with increase in volumes and currently stock is trading around 1 month high. The RSI too has been trending upwards with no signs of any negative divergence and yet to reach an overbought position. The upside projection for the stock is placed at Rs92 based on amplitude of ascending triangle. We advise buying stock above Rs85 with stop loss of Rs 83 for target of Rs91. (Duration 5 days)," says IIFL research report.
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