eClerx Services – Technical Insight

eClerx Services – Technical Insight (For Educational Purpose Only | SEBI Reg. INH000019886) 🔹 Pattern Setup: Price has been respecting a broad Wedge channel, taking support near the lower trendline and bouncing sharply. 🔹 Momentum & Price Action: A strong bullish move from the wedge support with rising volume indicates renewed buying interest. Price has reclaimed the 20 EMA, showing momentum shift toward the upside. Today’s candle touches the upper Bollinger Band — reflecting strong short-term strength. 🔹 Key Levels: Support: ₹4,520 / ₹4,380 Resistance: ₹4,750 – ₹4,820 (wedge upper boundary) 🔹 Outlook: Bias remains positive as long as the price holds above the 20 EMA and wedge support. A breakout above ₹4,820 may open the next upside zone toward ₹5,000. ⚠️ Disclaimer: Educational analysis only. Not a buy/sell call