TradingView
Dinesh_C_Nagpal
Mar 1, 2023 11:58 AM

Team Lease Finance Long

TEAMLEASE SERVICESNSE

Description

Hello and welcome to this analysis

In the monthly time frame we can see two parallel channels running the path. The first one is a wider rising channel which has now come down to its lower end of the channel after completing a 1.6x fibonacci target. The second one is the narrower falling channel from its peak.

The decline appears to have come to a halt at the confluence of both the channels and after a brief period of consolidation its showing signs of resumption of uptrend.

SIP / accumulation between 2350-2700 with 2200 as failure of structure (channel will break below) for upside possibilities of 3500 and ATH appear a possibility.

A decent risk reward ratio for medium to long term investing.

Comment

ERRATA ... Team Lease Services not Finance as mentioned earlier
Comments
Abhinav_J5
CMP looks good, on weekly charts.
More