uniproadvisory
Long

Entry @ 44-46 with sl daily close below 40

NSE:TANLA   TANLA SOLUTIONS
Tanla is making new high every year and one of the momentum leader.
trading above 200Wema and forming a support around 44.
a must watchstock
Target can be 140 for mid term and if momentum continued we can see a much bigger target.
Stock will be in hold till momentum get exhausted.
tanla making 52 week high in bear market ,since 2017 its performance .
we take 52 week high as a positive momentum ,also we do our own analysis.
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LokeshGLC uniproadvisory
@uniproadvisory, Thank you. Can you please explain what would be the exit criteria you would be looking for
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@LokeshGLC, 42/41 wll be exit price on daily close.
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LokeshGLC uniproadvisory
@uniproadvisory, results seem to be not so great. Of course on cash level and EBIDTA level they are good. Can they continue their growth for next year is the question.
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@LokeshGLC, yes i believe so
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-Hi. How can we confirm momentum got exhausted or not. Tanla was always a range bound stock tracking it from last 4 years. Never crossed 80 levels . It fallen back reaching 70-80 levels several times to 20-30 levels. So whats the best time to exit or check the momentum exhausted or not? How are you saying it could reach 140 this time. I am learner so want to learn
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