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Price and trend forecast of TEAMLEASE for Tomorrow, Weekly, Monthly

Teamlease Services Limited

Symbol: NSE:TEAMLEASE

ISIN: INE985S01024

3,251.20

As on 2024-04-24

2,007.25 (52W Low) 3,526.15 (52W High)

TEAMLEASE's Today's Performance

Teamlease Services Limited started the day by opening at 3,285.00 today 2024-04-24. Its shares reached a high of 3,315.00 and dipped to a low of 3,241.10 in intraday. When the markets closed, TEAMLEASE’s stock price settled at ₹3,251.20 per share. Also check out its key support and resistance levels.

TEAMLEASE Buy/Sell Targets

Tomorrow, sell TEAMLEASE when its price reaches ₹ 3,251.20 with a stop-loss order at ₹ 3,315.16. You can set the target price as ₹ 3,187.24 to capture potential gains. This sell position balances the risks and rewards evenly, aiming for a 1:1 risk-reward ratio.

In the sections below, we will discuss detailed share price target of TEAMLEASE for tomorrow's session along with weekly levels. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.

Important Down levels for TEAMLEASE

Downside Targets Value in ₹
Tomorrow Down Target 1 3,297
Tomorrow Down Target 2 3,343
Tomorrow Down Target 3 3,371

Important Levels for TEAMLEASE

Holding Levels Value in ₹
Tomorrow Up Target 1 3,223
Tomorrow Up Target 2 3,195
Tomorrow Up Target 3 3,149
Based on where the stock opens tomorrow, if TEAMLEASE opens on a positive note, our first target will be ₹3,297. If Target 1 is achieved, we will aim for Target 2 which is ₹3,343.

But if TEAMLEASE falls below the average value of ₹3,269.10, you can enter a sell side position with target number 1 - ₹3,223 and second target - ₹3,195 This average value also act as support and resistance level. When the stock is trading above the average, it will act like support area. Another important thing is, stocks usually get back to this average value when the price trades too far from avg. In simpler words we can consider the average price as a magnet.

Daily Volume chart of TEAMLEASE

Looking at TEAMLEASE, we've seen a Decreasing trend in its trading volume over the past week, which really tells us how active traders have been with this stock.

In terms of its price, TEAMLEASE has been on a Downward path, giving us insights how its value changes in the market.

Based on this, the predicted sentiment for TEAMLEASE is unclear.

Tomorrow's Volume based share price Forecast for TEAMLEASE

TEAMLEASE's Volume is currently in a Decreasing trend, and Price is in a Downward direction. Therefore, we can say the stock is in a unclear trend. Volume trend strength over the last month compared to the last week is 0%.

Reversal detection for TEAMLEASE

Predicted trend chart of TEAMLEASE tomorrow for price forecast
TEAMLEASE may trend may continue to be bearish since stock is making lower low and we can get target of ₹3330 in morning tomorrow
Target 1 tomorrow3297
Target 2 tomorrow3315
Target 3 tomorrow3343
 

Investferry’s trend analysis method detects short term overbought and oversold situations to identify reversal in stocks. Use this as reference for short term counter trend trades.

Combine this trend forecast with TEAMLEASE's tomorrow's target prediction and you will have a base for what can be done in the upcoming trading session.

Based on where the stock opens tomorrow, if TEAMLEASE opens on a positive note, our first target will be ₹3,297.10. If Target 1 is achieved, we will aim for Target 2 which is ₹3,343.00.

But if TEAMLEASE falls below the average value of ₹3,269.10, you can enter a sell side position with target number 1 - ₹3,223.20 and second target - ₹3,195.20

TEAMLEASE's Weekly Targets
1st Up Target 3,399.08
2nd Up Target 3,546.97
1st Down Target 3,172.18
2nd Down Target 3,093.17

As the week for TEAMLEASE ended on bearish sentiments, we can expect further continuation of this sentiment. TEAMLEASE's initial target will be 3,399.08 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 3,172.18 in the upcoming week.

Weekly OHLC Values
Open 3,286.55
High 3,467.95
Low 3,241.05
Close 3,251.20

Week for TEAMLEASE started with an open price of 3,286.55, and the close was at 3,251.20. TEAMLEASE reached the highest of 3,467.95 and dipped lowest up to 3,241.05 last week. This indicates a bearish sentiment for the week.

TEAMLEASE full month swing targets
Monthly Up Target 1 3,625.98
Monthly Up Target 2 3,773.87
Monthly Down Target 1 2,945.28
Monthly Down Target 2 2,639.37

Targets of ₹3,625.98 can be expected to be reached in the coming month. Once TEAMLEASE achieved this target, we can aim for the next upside target of ₹3,773.87.

TEAMLEASE if fails to hold upside, down targets of ₹2,945.28 and ₹2,639.37 can be achieved by end of this month.

For complete three weeks if TEAMLEASE is bullish, the stock may decline in the last week on the month as traders usually close their positions. So in this case, you should aim for weekly support level which will act as targets here.

Related Stocks in the Same Sector as TEAMLEASE

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HAL Hindustan Aeronautics Limited Aerospace & Defense
SIEMENS Siemens Limited Specialty Industrial Machinery
BEL Bharat Electronics Limited Aerospace & Defense

Summary

TEAMLEASE is expected to reach the target of 3,297.10 in tomorrow's trading session.

After achieving the initial target in TEAMLEASE, we will aim for higher targets of 3,343.00 tomorrow.

However, if TEAMLEASE starts to trade below ₹3,269.10, then we will shift our focus to the sell side and aim for down targets of 3,223.20 and 3,195.20.