ECLERX SERVICES LTD - STOCK TO KEEP ON RADAR

EClerx Services Ltd. (NSE: ECLERX) logged a spectacular weekly rally, closing at ₹1,979.80, up +29.4% across the week. The surge culminated in a +12.51% massive single-day volume breakout on Friday. The stock is trading above all its short term, medium term and long term Exponential Moving Averages. The Daily RSI 14 is at 82.20 into the Overbought zone, showing high-velocity buying. MACD showing a Strong Bullish Crossover comfortably tracking above the zero baseline with an expanding positive histogram. As the stock is overbought we may see some consolidation or pull back in the stock.