ECLERX - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.9
| Stock Code | ECLERX | Market Cap | 22,062 Cr. | Current Price | 4,620 ₹ | High / Low | 4,986 ₹ |
| Stock P/E | 55.9 | Book Value | 307 ₹ | Dividend Yield | 0.02 % | ROCE | 28.8 % |
| ROE | 23.6 % | Face Value | 10.0 ₹ | DMA 50 | 4,578 ₹ | DMA 200 | 4,034 ₹ |
| Chg in FII Hold | 0.49 % | Chg in DII Hold | -1.19 % | PAT Qtr | 110 Cr. | PAT Prev Qtr | 92.9 Cr. |
| RSI | 49.5 | MACD | 12.6 | Volume | 52,154 | Avg Vol 1Wk | 41,725 |
| Low price | 2,116 ₹ | High price | 4,986 ₹ | PEG Ratio | -52.3 | Debt to equity | 0.18 |
| 52w Index | 87.2 % | Qtr Profit Var | 12.8 % | EPS | 82.8 ₹ | Industry PE | 35.9 |
📊 Chart Patterns: ECLERX is trading above both its 50 DMA (4,578 ₹) and 200 DMA (4,034 ₹), indicating strong bullish momentum. Support is visible near 4,550–4,600 ₹, while resistance lies around 4,950–5,000 ₹.
📈 Moving Averages: Current price (4,620 ₹) is above both moving averages, confirming upward trend continuation.
📉 RSI: At 49.5, RSI is neutral, suggesting balanced momentum with room for further upside.
📈 MACD: Positive (12.6) with bullish crossover, reinforcing upward momentum.
📊 Bollinger Bands: Price is near the mid-band, indicating consolidation within an overall bullish trend.
📊 Volume Trends: Current volume (52,154) is higher than 1-week average (41,725), showing increased participation and investor interest.
🎯 Momentum Signals: Short-term bullish momentum supported by MACD, moving averages, and volume strength.
💡 Entry Zone: 4,550–4,600 ₹ (near support and 50 DMA).
💡 Exit Zone: 4,950–5,000 ₹ (near resistance and recent highs).
📌 Trend Status: The stock is currently trending upward with strong momentum and institutional support.
Positive
- ✅ Strong ROCE (28.8%) and ROE (23.6%) indicate excellent capital efficiency.
- ✅ EPS of 82.8 ₹ reflects robust per-share profitability.
- ✅ PAT growth (110 Cr. vs 92.9 Cr.) shows earnings improvement.
- ✅ Increase in FII holdings (+0.49%) reflects foreign investor confidence.
Limitation
- ⚠️ Very high P/E (55.9) compared to industry average (35.9), suggesting overvaluation.
- ⚠️ Dividend yield at 0.02% offers negligible shareholder return.
- ⚠️ PEG ratio (-52.3) indicates poor valuation relative to growth prospects.
Company Negative News
- 📉 Decline in DII holdings (-1.19%) shows reduced domestic institutional confidence.
Company Positive News
- 📈 Increase in FII holdings (+0.49%) reflects renewed foreign investor interest.
- 📈 Quarterly profit variation (+12.8%) supports earnings recovery momentum.
Industry
- 🏭 Industry P/E at 35.9 suggests sector is moderately valued compared to ECLERX’s premium valuation.
- 🏭 IT services and outsourcing sector outlook remains resilient with global demand drivers.
Conclusion
🔎 ECLERX is trending upward with strong technical signals, supported by bullish MACD, moving averages, and volume strength. Entry near 4,550–4,600 ₹ offers favorable risk-reward, while exit near 4,950–5,000 ₹ is optimal. Despite high valuation and weak PEG ratio, strong fundamentals and foreign investor support make it attractive for momentum-driven investors.