TEAMLEASE - 1D breakout and retestTEAMLEASE - Breakout in Daily timeframe after 1 year. The stock is coming back for a retest of the breakout zone. I see a handsome risk-reward.
The company has decent fundamentals and good sales.
TEAMLEASE
Teamlease can give big returnsStock has bounced from strong support trendline.
Today, stock has taken rejection from strong resistance of 3200.
Possibly, we might see a small correction before next big upmove.
Trade can be initiated only if stock is available at levels given in chart.
TEAMLEASE | Market Structure Break | Swing TradeTEAMLEASE | Market Structure Break | Swing Trade
TeamLease started out a market structure break and ready to give a good comeback
TEAMLEASE SERVICES PRICE ACTION PICKIf we follow price action, scrip probably has made its bottom. Risk reward ratio is 1:7 if we expect to move share towards its all time high price.
I have tried to plot probable moves in future based on past price movements. However, price movement is subject to market conditions and any unforeseen events.
Team Lease Services provides employment related services. It provides solutions for staffing, recruitment, training, payroll processing and regulatory compliance
Large Opportunity Size
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Global staffing industry is projected to grow by 3% YoY to reach $514 billion. The staffing market in India currently stands at $6 billion and is growing at 15%. Currently, TeamLease has only 6% market share.
Competition Risk
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The company faces intense competition in the general staffing segment which contributes around 90% revenue. Key competitors include Penmac Staffing Services, Randstad India, Adecco Group, Nesco Resource etc.. However, TeamLease has been able to win back a large chunk of business from Samsung from some of their peers
I kindly request your valuable feedback on the accuracy and validity of my learning and research. Furthermore, I would greatly appreciate any suggestions on areas where I can enhance my skills and knowledge.
DISCLAIMER:
The perspective I am providing may possess inherent bias. My family members and me may and may not have financial investment in aforementioned scrip. Consequently, it is within my prerogative to engage in the purchase or sale of said scrip at my discretion, contingent upon prevailing market conditions and the occurrence of specific events.
I am not a registered financial advisor and the information provided by me should not be considered as financial advice. It is highly recommended that you consult with your financial advisor and do your due diligence before making any investment decisions.
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TeamLease services moving out of declining range.TeamLease Services is trying to move out of their decline range. The share has been in a downward trend since long and now it is trying to breach it with a little bit of volume upside.
Teamlease Services | Weekly Chart | Techno-Fundamental Pick There are two possibilities here :
1. Either the stock will continue the trend but the volume doesn't suggest so.
2. The weak hands will start exiting at current levels as it's a good resistance level. Wait for some retracement to start building the position. Better to buy as close as near the key zone level.
Intraday Trade: watch for range breakoutbuy above 4360 in Intraday
For stoploss in Intraday use 5 minute chart and see nearest support.
for target use 5 min chart and fibonacci pivots as i don't keep predefined target.
try to book partially and trail.
Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis
NOTE: For Gapup or bo before 9:20
If gapup is more than 1% from bo level than avoid completely.
if less than 1% or gives bo before 9:20 than wait for
first 5 minute candle and entry above 5 minute candle
and revised SL below candle Low.
TEAMLEASE LOOKS GOOD ABOVE 4300Teamlease looks good above Rs. 4300/-. The scrip has just crossed 21, 55, 89 and 100 EMA with volumes greater than previous four days volumes.
Disclaimer : The idea kept in here is just for personal Study purpose and not a recommendation.
TEAMLEASE BUY BUY BUY !TEAMLEASE is showing breakout signals by money flow index also.
Stoploss of 2950, Buy above 2970
Teamlease Services- Weekly Breakout
- Looks good for mid- long term investment
- Risk Management | Position Sizing
TEAMLEASE SHORT TERM IDEATeamlease gave a good breakout above 3300 and closed at 3405 on weekly and monthly basis..
Its almost life time high closing for the stock even thought it had seen 3700-3800 levels in last week..
with SMALL stop loss on 3095 , added the stock at 3405 ,,
with market chance of going up.. the stock can easily show 3800-4140 levels soon..
#TEAMLEASE on verge of BO and hit new ATH#TEAMLEASE on verge of BO and hit new ATH
All details in chart.
