ECLERX - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 4.5

Here’s a comprehensive technical analysis of eClerx Services Ltd (ECLERX)

📊 Trend Overview

Current Trend: The stock is in a strong uptrend, trading near its 52-week high and well above key moving averages.

Price Action: At ₹4,409, ECLERX is significantly above both the 50-DMA (₹4,061) and 200-DMA (₹3,441), confirming bullish momentum and trend continuation.

📈 Momentum Indicators

RSI (57.8): In the bullish-neutral zone, indicating healthy momentum with room to rise before overbought levels.

MACD (113): Strongly positive, confirming bullish crossover and sustained upward momentum.

Volume: Current volume (95K) is well above the 1-week average (55K), showing strong participation and buying interest.

📉 Moving Averages

Indicator Value (₹) Signal

50-DMA 4,061 Support

200-DMA 3,441 Strong Support

Current Price 4,409 Above both DMAs

📌 Bollinger Bands

Price is near the upper band, suggesting strong momentum but potential short-term resistance.

A breakout above ₹4,450–₹4,500 could trigger a rally toward ₹4,640+.

🧭 Support & Resistance Zones

Immediate Support: ₹4,300–₹4,350

Major Support: ₹4,050–₹4,100 (50-DMA)

Immediate Resistance: ₹4,450–₹4,500

Major Resistance: ₹4,600–₹4,640 (52-week high)

🎯 Entry & Exit Zones

Optimal Entry: ₹4,300–₹4,350 (on pullback with MACD support)

Exit Zone: ₹4,600–₹4,640 (resistance zone), ₹4,800+ if momentum sustains

🔍 Conclusion

ECLERX is currently trending upward with strong RSI, MACD, and volume signals. Price action above key moving averages confirms bullish sentiment. A breakout above ₹4,450 with volume could signal further upside, while a pullback to ₹4,300 offers a favorable entry. The stock remains in a bullish trend with short-term momentum intact.

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