Finolex Industries

I am posting weekly chart of Finolex Industries to understand it's structure. It has completed intermediate wave (3) and correcting to complete its wave (4). The various fibonacci support levels are depicting on the chart where it can take support. The support levels are 224.70, 186.74 and 148.82. You have to watch these levels for the stock to take support, once some sign of reversal are shown then one can buy there for the target of rs 347.48.

Disclaimer: This and all the ideas I present are for educational purpose only.

HEXAWARE

I am posting monthly chart of Hexaware to understand it's structure. It seems that it is in prime wave [5].

On daily chart, the correction of wave (4) seems to be over. The price seems to be in intermediate wave (5) of prime wave [5]. One can buy near rs 201 for a target of 277.

Disclaimer: This and all the ideas I present are for educational purpose only.