Manas Jaiswal, technical analyst at manasjaiswal.com told CNBC-TV18, "Hexaware Technologies was facing a lot of resistance near Rs 145 for the last one month. On the weekly chart it is still making higher tops higher bottoms. Today it has broken that resistance with higher volumes. So, it can test Rs 155 in intraday. So, one can buy the stock at current levels with a stoploss of Rs 149."
The share touched its 52-week high Rs 146.15 and 52-week low Rs 72.30 on 13 February, 2014 and 25 June, 2013, respectively. Currently, it is trading 9.61 percent below its 52-week high and 121.58 percent above its 52-week low. Market capitalisation stands at Rs 4,804.01 crore.
Disclosure: He does not have any personal positions in the stock but has recommended to his clients.
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