Tanla - Monthly Chart - Ascending Channel - LongTanla Platforms Ltd. has been trading within a well-defined ascending channel for almost 10 years now. The support at the bottom of the channel and the resistance at the top of the channel have been tested many times over the years, as the chart shows.
The Price has again bounced after touching the bottom of the channel last month and RSI has a strong upward trajectory.
Key Points:
Ascending Channel: The stock has maintained an ascending channel for almost a decade, with the price consistently respecting the channel's boundaries.
Support at Bottom: The lower boundary of the channel has been tested multiple times and has held strong, indicating robust support.
Resistance at Top: The upper boundary of the channel has also been tested multiple times, acting as a reliable resistance level.
Recent Bounce: The price recently hit the bottom of the channel last month and bounced off, suggesting a possible continuation towards the upper boundary.
Volume Analysis: The volume has shown significant spikes during periods of upward movement, reflecting strong buying interest.
RSI: The RSI (14) is currently at 52.98 and trending upwards, indicating growing bullish momentum. The RSI's upward trend further supports a bullish outlook.
Disclosure: Invested at 920.00
Disclaimer: This analysis is for educational purposes and should not be considered financial advice.
Tanlaplatform
TANLA - Potential to double!Overview & Observation:
1. Change in structure reversal.
2. Good volume support
3. EMA & RSI showing strength and momentum build-up.
Trade Plan:
1. Early entry can be made at CMP 950 around with tight SL.
2. Very good RRR
- Stay tuned for further insights, updates and trade safely!
- If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading!
Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing.
Thanks & Regards,
Anubrata Ray
Tanla Platforms Flag BreakoutA Bullish flag and Pole breakout has been confirmed with very huge volume on the daily chart of NSE:TANLA .
Daily & Weekly RSI both are in bullish zone.
One can crete fresh position in NSE:TANLA at 1090 or below with a stop loss of Rs. 1028 for 1st target of Rs, 1172, 2nd Target of 1244 and 3rd Target of 1316
The risk to reward ration is 1:3
Exit the position if the stop loss triggered on DCB.
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Disclaimer: Content shared is for information and education purposes only and should not be treated as investment or trading advice. Please do your own analysis or take independent professional financial advice before making any investments based on your own personal circumstances. Investment in securities are subject to market risks, please carry out your due diligence before investing. And last but not the least, past performance is not indicative of future returns.
Inverted Head n Shoulder Pattern TanlaTanla
IT Company
CMP near by 748
Time Frame : Daily Chart,
Pattern Name : Inverted Head n Shoulder,
Impact : Strong Bullish,
Active: Above 708 neckline it is valid to play.
Target : 919.90 (Pattern Target : Extension of {706.45-493}= 213.45 + in neckline 706.45)
SL: 615 (pattern's right shoulder low)
Risk is yours and Reward is too yours totally
Time Frame : 90 days max
WHY AND WHERE TO BUY TANLA PLATFORM STOCK INDIA 2023As Per Chart Analysis Stock taken Support on Demand Zone of 476 -495 and Moving Up side towards first target if any Weekly Candle Closes Above 677 and Sustain Above it Then next Target is 999.
First Major Resistance Zone or First Target for Tenla Platform Stock is – 677
Second Resistance Zone or Second Target for Tenla Platform Stock is – 999
Tanla - Should cross Above 1550 for next moveTanla - results are tomorrow and expected to be decent. If there is a news on addition of new clients then expect good move.
It should cross above 1550 for upmove towards 2000 +
Targets and stoploss specified on the chart.
**Educational Content - Please do not treat this as recommendation.
#StockMarket #StockIdeas #StocktoWatch #StockToBuy #positionalTANLA PLATFORMS
After correction, now trendline broken and trading near resistance level
Could be a good bet to enter above 1555 levels for 8-10% move Positionally
Keep SL around 1400 levels for midterm view, targets of 1624/1660/1760
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Note:
Above levels are for education purposes only
Do your own analysis before taking any trade
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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.