STAGE 1 : Accumulation Phase : TANLA Stock has been forming a Base Area for many Years approx. 11 years it has been in STAGE 1. The EMA 30 (Black Line) can be seen almost touching the Stock Prices for the Period of 11 years.
STAGE 2 : Uptrend (Ascending Phase) The Uptrend started in Mid 2020 during the Covid Period and the Stock started showing Signs of Bullishness and gave Multibagger Returns and Stock Price moved from Rs.100 to Rs.1000. The Stock Price can be seen Moving way about the EMA 30 Line and the Stock Gains Momentum.
STAGE 3 : ( Sideways Movement )The Stock loses its upward momentum and starts to trade sideways. There are an equal number of buyers, who are late to the party, and sellers, who are aware that it is time to Book some Profits. Volume is bit heavy and the Stock moves, up and down. The EMA-30 loses its upward momentum and starts to flatten out. The declines in stage 2 all held above the EMA 30, in Stage 3 the EMA 30 line is seen touching the Stock Prices a few times.
STAGE 2 & STAGE 3 Are Repeated and Stock Gains Momentum after the Sideways Trend (STAGE 2) and again Moves Upwards and Later moves Sideways (STAGE 3).
STAGE 4 : Downtrend (Descending Phase). This is a Time when there is Fatigue and Pressure on the Stock due to Fearful Sellers who think it is Better to take the Money off the Table now since it is showing Great Profits. The EMA 30 starts taking a Curve and starts flattening out and is about to Move Downwards. But there is no Guarantee, Stock Prices can Change their Direction any time due to Various Reasons which are beyond our control.