Buy Hexaware Technologies on dips: Sukhani

Buy Hexaware Technologies on dips, says Sudarshan Sukhani of s2analytics.com.

Sukhani told CNBC-TV18, "Union Bank doesn’t have very good charts. Apparently the rally in it is over, it’s been more in some kind of a decline and then intermittent corrective rallies. So Union Bank is actually a sell which is a surprise given the broadly strong nature of most banks. So the best way is not to actually go and trade in it because I don’t think you should be buying it."
He further added, "Hexaware makes new highs. Any share that makes new highs should be bought into. So Hexaware is a buying opportunity and in the last two days it has just broken out a resistance level Rs 120. So at that point it’s now willing to go higher. So even though the stock has been rallying, the breakout tells us that another 15% is quite easy to get here. So Hexaware is an exception in the IT pack, it’s a buy and certainly a buy on every dip."