[Premium] Trade Of The Week
January 3, 2022
Eclerx Services has been consolidating for a while after the big base breakout we had witnessed in mid-June 2021. In the week gone by, however, we got a breakout! The price has moved out of its sideways range and above its crucial resistance of 2,490. With this move, we're seeing the indicator head back into a bullish momentum regime.
This breakout has come in the form of a strong bullish candlestick indicating the growing momentum.
We are bullish above the risk management level of 2,490 with a target close to 3,830.
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Allstarcharts Team