Hexaware has resistance around Rs 87-88: IIFL

According to Anu Jain, Senior Vice President of IIFL Private Wealth, Rs 87-88 continues to be a resistance zone for Hexaware Technologies.

Jain told CNBC-TV18, “Hexaware Technologies has got the resistance in that Rs 87-88 range. So if it opens there and it takes in the supply, which is existing at that level then Rs 94 is exactly where you all are targeting on. That is the technical level as well. So, you will see it moved to that zone but Rs 87-88 continues to be a resistance zone.”
At 13:19 hours IST, the stock was quoting at Rs 81.80, down Rs 1.00, or 1.21 percent.
The share touched its 52-week high Rs 142.00 and 52-week low Rs 72.60 on 14 September, 2012 and 25 January, 2013, respectively. Currently, it is trading 42.39 percent below its 52-week high and 12.67 percent above its 52-week low.