Tanla Solutions Ltd.
The stock price maintaining anticipated strong up side move supported by volumes.
Technically as of now 200 -225 zone need to be consider as resistance in front of the price. On the lower side 190 - 184 - 174 are important supports.
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.
Tanla solution..has make multiyear high with a bullish candle and good volumes.... focusing on only price action here..next target should be 110 and 118.-135. if it test 90. it should be a good buying opporuntiy...one should keep eyes on volumes. if volumes keeps on increasing...it is good insights.. stop los should be below 78
Buy TANLA only above 90 with Stop-loss at 76 for first target of 132. Idea is for 16th July 2020 onwards and I will update it if it is triggered or in case it is no longer valid. Reason is breakout above accumulation zone
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.
However, it seems it a good time to accumulate it!
Disclaimer:I am NOT SEBI registered, Just trying to learn to predict share price movement. THE CHARTS PRODUCED HERE ARE FOR MY PERSONAL REFERENCE ONLY AND THEY ARE NOT ANY BUY OR SELL RECOMMENDATIONS. Kindly consult your investment advisor and family members before investing.
Tanla Platforms Ltd. engages information technology and computer services. Its products include messaging, voice, and Internet of Things. The company was founded by Uday Kumar Reddy Dasari on July 28, 1995 and is headquartered in Hyderabad, India.