Hexaware EOD Analysis - Jul 30th to Aug 11th '12

Hexaware looks bullish on charts with momentum indicators MACD, RSI and Stochastics showing strength on charts.

On Elliot wave perspective, wave 3 has just begun and may take the stock immediately to 122 and then followed by a mild correction i.e. wave 4 and then finally wave 5 may take it closer to 128 levels

Buy Hexaware on dips and target 128 by Aug mid week with a SL of 112.5