Sukhani expects more downside in Hexaware, HOEC

Sudarshan Sukhani of s2analytics.com is of the view that one the down side Hexaware Technologies may see level of Rs 100 and HOEC may go to Rs 90.

Sukhani told CNBC-TV18,” Hexaware Technologies has completed its uptrend; it has now turned around and made a rounding top and is now rolling over to the downside. It is a short sell. A small up sloping flag tells us much lower levels are likely and an immediate target of Rs 110 is possible but I would expect it to go to Rs 100 even lower.” He further added,” Hindustan Oil Exploration Company (HOEC) has been a very big disappointment, it is a speculators favourite. This stock is likely to keep on cracking and it’s already doing that. At Rs 250-300 everyone wanted to buy it and now at Rs 100 it’s giving an impression of reaching Rs 95 or Rs 90 in this immediate aftermath, later we will have to see.”