ECLERX ELLIOT WAVE ANALYSIS

ECLERX SERIVCES 1HT TF Elliot Wave Analysis

ECLERX is an Indian IT consulting and outsourcing multinational company based in Mumbai and Pune

Two way Scenarios:

1) INTRADAY TRADE
2) POSITIONAL TARDE

INTRADAY TRADE:

Buy around 395 to 400 odd levels,
Invalidation level @ 384.10
Expected Target around 407, 421 odd levels

POSITIONAL TRADE: (Holding Period 1 to 40 Days)

Buy around 395 to 400 odd levels
Expected Target around 627 level

Reason for this Trade:

We have completed 2nd corrective wave, overall we are in the Impulse wave with a huge potential target of 627 level