VGM Pick: eClerx Services

[nishshkumarjaani@gmail.com]

VGM Pick: eClerx Services

Price Structure Turning Strong – Momentum Setup Building

eClerx is showing a very healthy technical structure on both Relative Strength (RS) and Price Charts:

RS Chart: Running Double Top Breakout (DTB)
PCR: Last 4 columns holding above Moving Average – confirms strength on dips

On Price Chart – a Mini Bottom / Trap Formation

Followed by a Powerful Momentum Anchor Column
Subsequent Shallow Retracements (only 4-box pullbacks) indicating strong buyers

Multiple Vertical Count targets are now open towards ₹6300 / ₹8000+ from the current region of ₹4450

This structure suggests Accumulation → Breakout → Trend Continuation.

Execution Approach

Long-Term / Positional:
Use DBS (Demand Break Sell) as exit on the RS Chart

Price Chart Exit:
Also follow DBS as per your timeframe

Short-Term / Swing Trades:
Monitor smaller time-frame charts for cleaner entry zones on pullbacks

This is a high-quality trend setup where risk is defined and reward is open-ended.

Nishesh Jani,CFTe

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