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.

Comments

Hi @uniproadvisory average results. Expected better standalone numbers too. How is it technically now which is good entry point. Telecom sector is also under pressure on which Tanlas revenues are dependent upon. How do you see it technically now. Is that factored in and story is intact?
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@LokeshGLC, A PERFECT NEW ENTRY WILL BE CMP 75-77
tARGET SAME 120-140 MID TERM .
LONG TERM TARGET WILL BE UPDATED AFTER NOV 2020
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Non stop upmove kudos.. Dont know will it sustain or not.
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@LokeshGLC, downside it wll survive 50 and upside 100 plus
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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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