ECLERX trade ideas
Falling wedge pattern on ECLERXECLERX formed a falling wedge on daily chart. Multiple support and resistance were tested during the formation of pattern. Price broke out of the pattern today with above average volume and the momentum seems to be good for third consecutive day. Stop loss can be had just below breakout candle low with target at previous all time high. This trade offers an ideal risk reward of 1:2 depending on where you enter.
Hope you like this idea. If so please boost this idea or leave a comment below on what you think. Otherwise happy trading :-).
BUY TODAY SELL TOMORROW for 5% DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall
Trendline Breakout in ECLERX
BUY TODAY SELL TOMORROW for 5%
ECLERX SERVICES LONG SWING IDEA ECLERX SERVICES is now trading at 1801.75 .
the stock is indicating a cup and handle pattern .
for now we are expecting a trade on a breakout .
so the entry will be at 1864.85
and the target for this breakout will be at
T1 : 1980.15
T2 : 2201.10 respectively .
its just an idea for a trade ,
please do your own analysis
boost it if you found this informative .
eClerx Services Ltd.*eClerx Services Ltd*
Rising C&H Formation on Yearly Basis.
C&H Formation on Monthly Basis.
7.3% Upside Needed to BreakOut ATH Priceline. Crossed & Sustained, then Good to Go!!
RSI: 1H =1D >W>M
Strong Vol Consolidation & Continued BuiltUp.
*Trail SL with Upside*
*Book Profit as per Risk Appetite*
Do Your Own Research as well. This is an Opinion.
Happy Investing 😇
Resistance BreakoutPlease 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
May Slide !
The stock is looking in a down Trend and as per price action things look pretty tricky from the current point of you I am not expecting it to go on the upside but for me specification when the stock is trying to close below the line of sand more specifically the level of 1385 it will try to go in the downward direction and as we can see three times at this testing already 1200 -1270 levels but this time if it will Go there then most probably it will try to break those levels and go deeper and that direction.
please try to work according to the price action.
Gratify if you appreciate the practice then you can like it, share it and
If you want me to investigate any chart for you then would cherish doing that for you.
Thank you for your time and support.
Stay safe.
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.
eClerx - positional longBreakout from inverse head and shoulder and downward slopping line, and a retest is also complete. Initiate long positions when price sustains above 2225.
Chart pattern looks very good and it has a potential to hit 2380, 2495 levels, above it a very high chances that a big rounding base formation will happen and then first target will be 2879 and a new high.
Keep a stop loss below 2098 or below the downward support line depending on your risk appetite.
ECLERX looks good ECLERX
cmp 2612
trgt 5%- 10%
Disclaimer:
All information shared is just for educational purposes.
By no means shall we be accountable for any debits/losses amounting out of it.
We are not SEBI registered Analysts, so please consult your Investment Advisor and take rational decisions.