Technical calls by Religare Broking: Buy DLF, Hexaware Technologies

Here are the top trading ideas by Religare Broking.

DLF

Recommendation: Buy

Last Close: Rs 199.50

Initiation range: Rs 196-198

Target: Rs 212

Stop loss: Rs 190

Post breakout from its resistance zone of 200 EMA on the daily chart, DLF has taken a pause and is hovering in a narrow range, offering a fresh buying opportunity for those who had missed the chance earlier. We advise traders to use this phase and initiate fresh longs position within the mentioned range.

Hexaware Technologies

Recommendation: Buy

Last Close: Rs 359.80

Initiation range: Rs 354-358

Target: Rs 380

Stop loss: Rs 346

In line with other IT counters, Hexaware has recovered swiftly of late and looks strong for the further surge. It has also