scorpiomanoj
Long

TEAMLEASE - A potential long candidate

NSE:TEAMLEASE   TEAMLEASE SERVICES
#MK
#TEAMLEASE

CMP 2837
Long suggested ONLY above 3075.
Stop once long activated at 2700.

Logic:
Stock qualifies the trend template
(1. stock above 30 week and 40 week ema
2. 30 week ema above 40 weeek ema
3.200day ema trending up for atleast 1 month.
4. 10 week ema above 30 week and 40 week ema .
5. stock above 50 day ema .
6. stock atleast 30% above its 52 week low (45%) Higher the better.
7. stock within 25% of its 52 week high.(14%).
8. relative strength ranking is not less than 70, preferably in 80s or 90s (84) )

Stock has formed a Cup and cheat (3C) pattern. `Cheat' consolidation appears to be in progress. Ideal buy point is if the stock breaks above the cheat zone which is 3075.

Fundamentals:
NP and Sales in double digit yoy growth over the last 3-4 quarters.
Zero debt.
Promoter holding 41%.
Trading is my passion.
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