eclerx target 10,000, cmp 3500ECLERX | Classic Cup Breakout ☕🚀
Buy Zone: ₹3500
🎯 Target: ₹10,000 in 2–3 years
IT + BPM + AI automation = Silent compounder in the making.
Strong volume + base forming above previous highs.
ECLERX
eClerex making some clever movesEClerx Services Ltd. is an IT consultations & outsourcing company. It provides services based on process management, change management, data driven insights advance analytics etc. The company serves sectors like finance, telecommunication, media & software etc. eClerx Services CMP is 1394.70.
Negative aspects of the company are declining annual net cash flow. Positive aspects of the company are improving annual net profits, no debt, FIIs increasing stake, MFs are increasing stake, promoter holding increasing & zero promoter pledge.
Entry after closing above 1411. Targets in the stock will be 1446 & 1496. Long term target in the stock will be 1557 & 1681. Stop loss in the stock should be maintained at closing below 1224.
Elclerx Breakout TradeThe stock has broken out and retested, therefore may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby.
Risk Reward Ratio - 3:1
SL is placed below support zone & the lower trendline. The target is placed near resistance.
eClerx (CMP1029) heading to 1125 levels? Must sustain above 1050eClerx heading to 1125 levels? Lets see how it goes above 1050
Inverse H&S pattern breakout above 1050 levels.
Must sustain these levels for big momentum
Why Banknifty outperformed Nifty (market analysis w/ levels)My analysis of the markets. I cover Nifty, Banknifty and the top stocks. I also talk about why BN outperformed Nifty.
Nifty, Banknifty, top stocks Analysis with imp leves!The indices saw a choppy session ahead of the Thursday expiry. Midcaps and smallcaps continue to take a beating, but large caps seem to have held their ground well. Reliance tends to hold strong when the broad market is facing selling pressure, hence clearing the 2100 psych level.
Where do you think the #stockmarket is heading?
Important Nifty levels and Banknifty levels for tomorrow:
Levels for Nifty: 15,596, 15,660,15,733, 15,750, 15,835 15,986, 16,040, 16,120, 16,177, 16,225, 16,349.45
Levels for Banknifty: 34,130, 34,420, 34,640, 34,800, 35,011, 35,250, 35,340, 35,400, 35,529,
Eclerx - Bull run may continuePrice took support at trendline and also horizontal support zone.
Bullish engulf candle.
Buy above 1202
SL 1098
Target 1325-1350
ECLERX Weekly Chart - Positional (Bull Flag in making)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 possible bull flag pattern can be seen in the charts.
If the stock price consolidates at the support and gives reversal signal, one can go long in the stock with SL either little below the support level or below 50EMA (since the stock moving with 50EMA)
Targets are shown in the image itself.
*Trade on your own risk and money management*
Feel Free to comment for any queries or suggestions
Bearish Crab in ECLERX in Weekly time frame.Hello,
Bearish Crab may form in ECLERX in Weekly time frame.
Note: This chart is only for reference and study purpose.
