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Umang Bhutada

25th Oct · SEBI-Registered Analyst

ECLREX | TECHNO-FUNDA ANALYSIS

EClerx Services Ltd – 1D

ECLERX
Trend: eClerx is in a steady uptrend on the daily chart and has recently formed a fresh breakout above ₹4190, showing renewed momentum. The price is consolidating near the breakout zone, indicating possible accumulation before the next leg up. Key LEvels - Fresh Breakout Level: ₹4644.75 Immediate Support: ₹4191.15 Major Support: ₹3856.15 Previous BO & Retest Zone: ₹3320.35 Fundamentals (Key Points): 💼 A leading provider of data analytics and process management services with strong global presence. 📊 Robust revenue growth driven by digital transformation and automation services. 💰 Strong profit margins and consistent free cash flow generation. 🌎 Expanding client base in BFSI and digital sectors supports long-term outlook. ⚠️ Slight near-term volatility possible due to broader IT sector sentiment. Final Verdict: Bullish — Sustaining above ₹4190 keeps the uptrend intact; potential upside towards ₹4600–₹4700 while maintaining support near ₹3850.

#TechnicalViews#FundamentalViews#WatchOutFor
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