Technical patterns as well as solid fundamentals lead us to forecast a rebound.

The company characterizes by great growth and strong profitability. Upward revisions have been made on EPS and earnings in a two-year horizon. Sales for the ongoing fiscal year should advance towards 625.47 against 499.28 million$ in 2014, which means a +25.3% progression.

From a technical viewpoint, ExlService Holdings' shares remain close to an important support area (USD 40.9). The upward trendline brings an additional argument for a bullish rebound of prices, especially since the equity still having sound fundamentals. The fall registered on recent sessions represents a key entry point with a target at USD 46 and by extension USD 47.75.

Therefore, a long trade could be ope above the short-term support of USD 40.9. The main target will be set at USD 46. The stop-loss could be triggered once the support is broken.