TANLA
Inverted Head & Shoulder Pattern Breakout - TANLAI hope everyone here is very much aware about the H&S Pattern.
TANLA at this levels in daily TF is showing a perfect structure of Inverted H&S Pattern and it has successfully broken out above the base level.
We might see a very fast move in the form of only UC UC and UC....
Please Do like and Comment your views 🙌
Breakout is possible as well as new ATHTanla Platform is in the business of cloud platform. Currently it is in Additional Surveillance Measure (ASM) - STage 2 of the exchanges and hence, not much move has been shown by the Company. In my limited understand, Tanla has show good Q2 results which are fair in comparison with the prices of stock. Its peer, route mobile also shown similar strong result.
TANLA PLATFORM Q2 : Cons. Net Profit Up 68 % at Rs 131 cr (YOY), Up 31 % (QOQ)
Revenue Up 44 % at Rs 841 cr (YOY), up 34 % (QOQ)
EBITDA up 83 % at Rs 178 cr (YOY), Up 33 % (QOQ)
As per Darvax Box System, it appears that the stock has completed its consolidation phase and now it may give a breakout. Hence, once any closing above the box then this stock can give good return in short period but be cautious and trade with SL.
Tanla Platforms- Weekly and monthly breakouttanla platforms- on the verge of ATH breakout.
9 mnth consolidation- baby to be born
Weekly close abv Rs1030 required. cmp 1010
T1-1320(flag size)
T2-1030+906=1936
Weekly ADX stopped falling and now stable/sloping
upward. Daily ADX abv 25
Tranch1- Buy on close abv 1030(dcb)
Tranch 2-Buy on weekly close abv 1320
Stop loss Rs 800 WCB.
monthly ADX at 60 shud give comfort from downside. Investment call. Ideal time horizon 3-6 mnths
regards
mayank
21/10/21
TANLANote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
3. Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
4. To learn more about patterns, Psychology behind the trade, and price action trading... contact us... Thanks...
Keep an eye ladies and gentlemen. Cheers and Happy Trading
TANLA Trend Analysis TANLA
1. Ascending triangle pattern formed price movement
2. wait break resistance line up trend target level my think overall move tommorow 1 day uppers side open and closing strong bullish senitiment
3. suppose chance down side break support line pure heead and sholder fomation price move down side target level