Technical Analysis of Indian Equities by Nooresh

Technical Charts – Eclerx at retest of breakout

Putting up some charts.


Do not consider them as buy/sell reco do your own research. Also read the disclaimer 


eclerx retest


Technical View


- The stock gave a triangle/ channel breakout with volumes at 1350-1400.

- After making a move to 1650 the stock is back to retesting the breakout point at 1400-1420.

- An interesting company fundamentally with solid numbers and track record.

- Will this again take a reversal from support zones ?


Disclsoure :  The stock was initiated at 1350-1380 in Technical Traders Club and booked at 1600+ . No holdings as of now but a good co fundamentally



We are conducting an interesting two day workshop in Bangalore at the end of this month. Do attend to learn more about the way to invest.

The Investing Lab-Bridging Theory and Practice–Training Program Bangalore 28-29th March 2015 !!

Do book your seat at the earliest  –




Nooresh Merani

•Securities covered above: Eclerx

•SEBI Registration disclosure – Registration for RIA under Process

•Financial Interest:

•Nooresh Merani and his family/associates/ analysts do not have exposure in the securities mentioned in the above report/article.

•Nooresh Merani and his family/associates/ analysts do not have any financial interest/beneficial ownership of more than 1% in the company covered by Analyst.

•Nooresh Merani and his family/associates/ analysts have not received any compensation from the company/third party covered in the above report/article ever.

•Nooresh Merani and his family/associates/ analysts has not served as an officer, director or employee of company covered in the report/article and has not been engaged in market-making activity of the company covered in the report/article.

•The views expressed are based solely on information available publicly and believed to be true, assessed on Technical Analysis and view of the Author . Investors are advised to independently evaluate the market conditions/risks involved before making any investment decision

•Also read the detailed disclaimer –

Article by Nooresh Merani

Nooresh has written 2786 articles.

You can follow Nooresh Tech on Facebook and Twitter here.

{ 1 comment… add one }
  • Abhay March 18, 2015, 23:49

    Call me on 9723449643


Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.