eclerx share short term technical view
Eclerx share price today trading at 1605 with flat loss. On daily chart stock price trend and momentum both are strong bullish. In bearish market still out performing well. On daily chart stock continuously holding its 3 month average which is very bullish sign and buy signal for short term traders. 1540 is 1 month average support and 1500 is 3 month average support level. On upside 1605 was target which is already achieved now next target zones as well as resistances for month are 1665 and 1730. Traders can buy this stock near supports on correction with strict stop loss in place for targets of 1665 and above.
eclerx share medium term technical view
Eclerx share last week closed with gains. On weekly chart stock price trend and momentum both are bullish. Stock after long consolidation given trend resume signal. On weekly chart, Eclerx share has supports around 1520 and then 1440 rupee levels. On upside 1700 and 1950 are strong resistances as well as medium to long term target zones. Above 1560 expect stock to remain super bullish and might trigger heavy demand from market. Weekly chart indicators signaling fresh Bull Run for stock with much higher targets. 1440 is stop loss for medium term investors.
eclerx share long term technical view
Eclerx share in one of the best performing stock in last 6 month period. Stock had given 36% plus return to their investors in last 6 month while market is down by 5%. Eclerx share fundamentally looks good and show 1900 to 2400 rupee targets in next 3 to 5 years period.
As per my chart data, Eclerx share all time low was around 50 rupee which is recorded in 2008 and all time high at 1730 which is hit recently. On monthly chart 1000-1200 is strong long term accumulation zone and strong historic support.
Stock above 1250 will hold its long term bullish momentum. On any major correction if stock comes around 1100-1200 zone then it will be best buy with minimum 3 to 5 years view.
eClerx Services Ltd company description
eClerx Services Limited (eClerx) is a Knowledge and Business Process Outsourcing (KPO/ BPO) company providing operational support, data management, and analytics solutions. The Company provides consulting and outsourcing services to managers of financial institutions. The Company provides outsourcing services to support financial transactions from trade closing to settlement, clearing, asset servicing, and exposure management. It provides reference data and risk management services, as well as financial control, accounting, and reporting services. The Company’s clients include commercial banks, investment banks, and money managers. The Company also provides operational, reporting, and analytics outsourcing solutions to Digital Services managers managing online operations and marketing campaigns. The Company specializes in supporting ecommerce activities through content development, online performance optimization, and customer experience management.