TEAMLEASE trade ideas
TeamLease - TrendingTeam Lease - Finally Moving. What a wait. Will pyramid above 2550 closing. Holding since 2200!. Targets are 3200+. SL deep below 1800.
DISC: Not a SEBI Registered. I post charts for my own study.
#TEAMLEASE #BANKNIFTY #NIFTY #NSE #BSE #TRADING #COVID19 #BANK #TEAMLEASE
CMP: 1849.80
Target1: 2278
Target2: 2364
Time: 3M
SL: 1718
TEAMLEASE - A potential long candidate#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%.
