Hexaware - Facing Resistance Selling Pressure (Sell Setup)

It is been observed that the price action on daily chart, firstly breakout from a downtrending channel, indicating bullishness. It did go up and now it is facing a high selling pressure at the resistance between 205-210 levels, which may correct the price action to 195 levels where again a heavy buying can been seen.

Target: 195
Stoploss: 211

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Transakcja zamknięta: osiągnięto wyznaczony cel:

Target reached successfully.
It did get high selling pressure as indicated by long wick of high price rejection. Regards.

Transakcja zamknięta: osiągnięto wyznaczony cel