Looking at the Monthly charts of TANLA SOLUTIONS, it has given a Breakout after a 10 year consolidation period. Can be accumulated near the 85-100 level. SL should be maintained at 65 on the EOD closing basis. This is a positional view. If the SL is respected the target for this trade is around 220-250. Respect the risk management first before entering the stock.
The stock has given a Textbook breakout with supporting volumes, after a good 1-month consolidation. Aggressive Traders can enter immediately & add on dips. Conservative Traders should look to add on a dip around 390-400. SL should be kept as 370 on the EOD closing basis. Positionally, traders can target for 430-440.
Sell only below 904.5 for 900, 895, 880 with SL at 910
Long above 924 for 930, 940, 945 with SL at 910
Sustaining over T2 on hourly time frame will open targets of 965, 980, 1000 with SL at 930 - See the linked idea for details.
