1 week ago
YES Bank, SAIL and Hexaware: Key Trading Levels
The report looks at three stocks and important price levels for trading them.
Hexaware Technologies is waiting for stronger evidence before a trade is considered.
Its price could become more positive if it closes above Rs 580.
Steel Authority of India has a more positive setup and is rated a buy.
Its target is Rs 190, while Rs 174 is the suggested stop-loss level.
YES Bank is showing weaker momentum and requires caution.
Its price is below a key short-term average, and its support levels are Rs 22.01 and Rs 21.49.
A move above Rs 22.95 could improve YES Bank’s outlook.
Hexaware Technologies is rated “Wait & Watch,” with support at Rs 530 and resistance at Rs 580.
A closing breakout above Rs 580 could create a fresh bullish setup for Hexaware Technologies.
Steel Authority of India is rated “Buy,” with a target of Rs 190 and stop loss at Rs 174.
SAIL’s RSI remains above 50 and its 200-DEMA support is holding, indicating improving momentum.
YES Bank has a cautious-to-bearish setup, with support at Rs 22.01 and Rs 21.49 and resistance between Rs 22.95 and Rs 24.05.
- Who
- Hexaware Technologies, Steel Authority of India, and YES Bank.
- What
- A technical-trading assessment gives each stock key support, resistance, target, or stop-loss levels.
- Where
- The companies’ stock charts and technical indicators; no specific exchange is identified.
- When
- The assessment refers to recent price action, including the last two sessions for Hexaware Technologies; no publication date is provided.
- Why
- The levels are based on trendlines, moving averages, RSI, DMI, and other momentum signals.
Key facts
- Hexaware Technologies
- Wait & Watch; support at Rs 530; resistance and breakout trigger at Rs 580.
- Steel Authority of India
- Buy; target price Rs 190; stop loss Rs 174.
- YES Bank
- Caution; current price Rs 22.55; key supports at Rs 22.01 and Rs 21.49.
- Hexaware technical view
- The stock is finding support along a rising trendline, while RSI is around 40.
- SAIL technical view
- The stock is supported near its 200-DEMA, with RSI above 50 and above its 45-period WMA.
- YES Bank technical view
- The stock is below its 50-EMA of Rs 22.95; RSI is 42.19 and DMI indicates weak momentum.
Sources
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