Is Team Lease Serv. technically bullish or bearish?

Technical Trend and Momentum Indicators

As of 2 December 2025, Team Lease Serv.'s technical trend shifted from mildly bearish to outright bearish. This transition reflects increasing negative momentum in the stock’s price action. The Moving Average Convergence Divergence (MACD), a widely followed momentum indicator, confirms this bearish stance on both weekly and monthly timeframes, signalling that downward momentum is firmly in place.

The daily moving averages also align with this negative outlook, reinforcing the short-term bearish sentiment. The stock’s Relative Strength Index (RSI) presents a mixed picture: while the weekly RSI offers no clear signal, the monthly RSI is bullish, indicating some underlying strength over a longer horizon. However, this isolated bullishness is insufficient to offset the broader bearish momentum.

Bollinger Bands and Price Volatility

Bollinger Bands, which measure price volatility and potential overbought or oversold conditions, show mildly bearish signals on both weekly and monthly charts. This suggests that the stock price is experiencing downward pressure but has not yet reached extreme oversold levels that might prompt a sharp reversal. The current price range, fluctuating between ₹1,633.00 and ₹1,683.10 today, remains closer to the 52-week low of ₹1,633.00 than the 52-week high of ₹3,100.20, highlighting the stock’s struggle to regain upward momentum.

Volume and Market Participation

On a more positive note, the On-Balance Volume (OBV) indicator is bullish on both weekly and monthly timeframes. This suggests that despite price declines, there is accumulation occurring, with buying volume outpacing selling volume. Such divergence between price and volume can sometimes precede a reversal, but given the prevailing bearish technical signals, this bullish volume trend should be interpreted cautiously.

Additional Technical Perspectives

The Know Sure Thing (KST) oscillator, which helps identify major price trends, remains bearish on both weekly and monthly charts. Similarly, the Dow Theory analysis indicates a mildly bearish stance across these timeframes, reinforcing the notion that the stock is in a downtrend phase. These multiple bearish confirmations across different technical frameworks strengthen the case for a cautious approach.

Price Performance and Relative Strength

Team Lease Serv.’s recent price performance has been notably weak compared to the broader market benchmark, the Sensex. Over the past week, the stock declined by 1.85%, while the Sensex gained 0.65%. This underperformance extends over longer periods: the stock is down nearly 1.0% over the past month against a 1.43% gain in the Sensex, and year-to-date losses exceed 43%, contrasting sharply with the Sensex’s positive return of 8.96%.

Over one, three, and five-year horizons, the stock’s returns remain deeply negative, while the Sensex has delivered robust gains ranging from 6.09% to over 90%. This persistent underperformance highlights structural challenges facing Team Lease Serv. and suggests that the stock has struggled to regain investor confidence amid broader market strength.

Current Price Context and Support Levels

At ₹1,664.10, the current price is hovering just above the 52-week low of ₹1,633.00, indicating limited downside room before testing critical support. The previous close was ₹1,683.10, marking a slight intraday decline. The proximity to the annual low emphasises the bearish pressure and the need for a decisive catalyst to reverse the trend.

Sector and Industry Considerations

Operating within the diversified commercial services sector, Team Lease Serv. faces competitive pressures and cyclical challenges that may be influencing its technical weakness. Investors should consider sector dynamics alongside technical signals to form a comprehensive view. While the stock’s technical indicators predominantly signal bearishness, the bullish volume trends and monthly RSI hint at potential accumulation phases that could precede a recovery.

Conclusion: A Predominantly Bearish Technical Outlook

In summary, Team Lease Serv. currently exhibits a predominantly bearish technical profile. Key momentum indicators such as MACD, KST, and moving averages align to suggest continued downward pressure. The stock’s price remains near its 52-week low, and its relative underperformance against the Sensex over multiple timeframes underscores the challenges it faces.

However, the bullish signals from OBV and monthly RSI indicate that some investors may be accumulating shares, potentially setting the stage for a future turnaround. Until more definitive bullish confirmations emerge, particularly in momentum and trend indicators, the prudent stance for investors is to regard Team Lease Serv. as technically bearish.

Investors should monitor for changes in volume patterns, RSI shifts, and moving average crossovers that could signal a reversal. Meanwhile, comparing Team Lease Serv. with other opportunities in the diversified commercial services sector may uncover more favourable risk-reward profiles.

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