Resistance Breakout - ECLERXPlease look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1%-2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
Please note that, if there are some big targets, those are drawn thinking for long term.
ECLERX trade ideas
Expecting Fireworks in Eclerx to go Berserk !
- Company has a good return on equity (ROE) track record: 3 Years ROE 25.5%
- Annual Revenue rose 24.2%, in the last year to Rs 2,713.8 Crores. Its sector's average revenue growth for the last fiscal year was 21.8%.
- Annual Net Profit rose 17.1% in the last year to Rs 488.8 Crores. Its sector's average net profit growth for the last fiscal year was -5.1%.
- Quarterly Revenue rose 17.1% YoY to Rs 698.2 Crores. Its sector's average revenue growth YoY for the quarter was 12.4%.
- Quarterly Net profit rose 11.6% YoY to Rs 132.5 Crores. Its sector's average net profit growth YoY for the quarter was -11.1%.
- PE Ratio is 17.3 < Sector PE ratio of 58.
- FII Holding decreased -0.02 %
- DII Holding increased 0.70 %
EClerx Services Ltd is engaged in providing Knowledge Process Outsourcing (“KPO”) services to global companies. The Company provides data management, analytics solutions and process outsourcing services to a host of global clients through a network of multiple locations in India, and abroad.
eClerx Services breakout confirm.Company provides data management, analytics solutions and process outsourcing services to a host of global clients through a network of multiple locations in India, and abroad.
Geographical Split
USA: 67% in FY21 vs 60% in FY18
UK: 6% in FY21 vs 4% in FY18
Europe: 20% in FY21 vs 23% in FY18
Asia Pacific: 7% in FY21 vs 13% in FY18.
EBIT for the period is INR 146.5 crore, down by 9.6% YoY.
Profit after tax for the quarter ended June 30, 2023 was INR 106.3 crore compared with INR 99.2 crore in the corresponding period in the previous year, an increase of 7.2% YoY.
Basic EPS for the quarter ended June 30, 2023 was INR 22.12 as compared to INR 19.98 (adjusted for bonus) in the corresponding period last year.
Warning:- Analysis Posted here is just our view/personal study method on the stock. Do your own analysis or consult your financial advisor before making any investment decision
Eclerx is ready to serve wellChart -> Eclerx Services Weekly
All time high breakout with bullish giant candle!
CMP: 2147
Good Range To Buy: 1950 to 2150
Targets: 2450, 2735
SL: 1770 Weekly Close
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
ECLERX - Breakout after 700+ daysDetailed View about this Breakout:
No.of Resistance: 7
No.of Support: 8
Consolidation Days: 700+ Days
What do you think?
1. It is Good Breakout after 700+ days
2. Trap on buying High
3. No idea about it
Share your view in comment section...
I Post educational chart for 3 Swing / Potential Stocks Everyday.
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Eclerx Services:- Bullish Flag BreakoutA bullish Flag & Pole formation has emerging on weekly chart of $NSE:ECLERX. We will get the confirmation once the current weekly candle get closed on coming Friday with Good Volume. Good Volume means Good Volume.
If we get the confirmation of the breakout on coming Friday then we can create a fresh position on Friday's closing price. Stop loss will be rs 1650 and target would be 1980.
Exit the position if the stop loss triggered on DCB.
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Disclaimer: Content shared is for information and education purposes only and should not be treated as investment or trading advice. Please do your own analysis or take independent professional financial advice before making any investments based on your own personal circumstances. Investment in securities are subject to market risks, please carry out your due diligence before investing. And last but not the least, past performance is not indicative of future returns.
ECLERX - SWING TRADEThe following trading idea shared is for informational purposes only and should not be considered as financial advice or a recommendation to buy, sell, or hold any particular stock.
Eclerx is taking support from the previous level and can be bought at CMP while
keeping SL at support zone for R:R 1:1.5
Early move prediction in a small cap company (Eclerx Services).Eclerx services after a consolidation of 12 months has given a break out and is showing a trend reversal signal. The stock after the break out has given a 10%+ up move and in this month formed a gravestone doji from the resistance zone forming double top pattern.
Currently, the stock is trading around 1625 levels, testing the 38.2% fib levels and the support zone around 1550 levels coinside with 50% fib levels.
The volume incidator is also showing some positive sentiment. Up move are in high volumes and the bearish days are showing low volumes.
The stock is holding on the higher levels and has consolidated for 4 weeks forming a flag and pole pattern.
A retest and another bull leg is how the market move.
If the stock come to test the 50% levels, it can be bought and accumulated even on the lower levels of 1456 (200 DMA).
Entry levels :- 1550, 1456
Targets :- 1750-1800, 1950
Time frame :- 3-4 months.
Market are trading at ATH. The stocks will follow the market.
This is a small cap company and looks fundamental good. The stock can be considered for long term investing too.
Wait for price action near the levels before making position in the stock.
WATCHOUT FOR 16 MONTHS RESISTANCE BREAKOUTThe stock has been consolidating in a resistance for 16 months and has given a strong daily candle close today.
This is a cash stock so kindly buy less quantity in this counter as per your RR.
Buy above 1720 (carry positional on day closing confirmation) for targets 1760, 1790, 1860 and 1950.
Kindly start trailing your position after Target 1.
Learn & Earn,
Dr. Tanya Kumar
ECLREXECLREX has experienced a breakout from the trend line with significant trading volume. However, it is currently facing resistance levels around 1680-1700 and 1970. If the stock manages to surpass these levels, it may move towards higher levels. It is advisable to scale positions gradually while setting a stop loss below 1480.