Bought tracking position in it, waiting for few candles to sustain above resistance level. Will add more as it starts giving me evidence of next move.
Looks great keeping in mind the BUYBACK. 2850 is the buy back price so seems like an easy money option to hold it
The stock has given a convincing breakout above level 2350. The is continuously outperforming index since 830 level. Still huge upside of appx 40% is due.
NSE:ECLERX is above 200MA on the Weekly chart for the first time since July '18. A few days ago, I'd talked about how so many stocks that were underperforming since the past 3-4yrs are also breaking the bearish market structure. While it does appear to be heading into some congestion, the broader trend has improved a lot thanks to the post-COVID bull run. Note:...
CLICK ON CHART , ONLY FOR EDUCATIONAL PURPOSE
Price took support at trendline and also horizontal support zone. Bullish engulf candle. Buy above 1202 SL 1098 Target 1325-1350
This analysis is purely based on Price Action and Chart Patterns. Analysis is done on Weekly Time Frame, Hence it may take few weeks to couple of months for price to reach target. Traders should consider this before entering into the trade. As can be seen from the image, price gave the breakout and then has come down to retest that level as support. Also, a...
eclerx - looking strong to make a good move above 1000 for another 15% move. need to cross above 1015 on closing basis. Keep a tab on monthly clsoing, the RSI needs to be above 60. Let us c DISC: Not a SEBI Registered. I post charts for my own study.
Today after good consolidation, the stock has given good breakout with Huge volume. Fundamentally the stock is very good and have brilliant growth aspects. Sector wise I am very bullish on IT space for next 2-3 years. Target: 1000+ Time Frame: 1-2 months Stop loss: 790 on weekly basis
- This is a weekly Breakout after 2years - Double bottom - RSI divergence - Positive EMA - Favorable Risk/Reward ratio
Hello, Bearish Crab may form in ECLERX in Weekly time frame. Note: This chart is only for reference and study purpose.