Buy Hexaware Technologies: Nooresh Mirani

Nooresh Mirani of AMSEC Research recommends buying Hexaware Technologies at current levels as the stock may test Rs 200 in the short term.

Nooresh Mirani of AMSEC Research told CNBC-TV18, " Hexaware Technologies is a very interesting chart. If you look at the 15 year chart, what we seen is the highs of around Rs 140-145 which was the resistance for last previous six months. The stock crossed above Rs 140, went up to Rs 160 and re-tested the levels of Rs 140 two weeks back that gave an excellent entry point and even at current levels what we are looking at is, once it crosses Rs 167, we could be getting into further momentum and the stock crossing 15 year highs is an indication of a major trend change."

"We are looking towards the target price of Rs 200 in the short-term and maybe higher in the medium term. So, one can buy the stock at current levels and add much more above Rs 167-168 levels," he said.

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