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TANLA
+ 1st Stage 2 Base after a good 1st leg
+ Retest done + Good Volume bounce back
+ Trading above Key EMAs
Stock Name : Tanla Platforms Date: 25/12/23
Description: the stock could not sustain above 1179, which is a Resistance of 13/6/22 & retesting his level & took support @ 930 on 11/12/23, on WTF & if sustain Above 1221 then will achieve T1 & T2 soon
ATH : 2096, BR -Year 1179 of 13/6/22, Retesting the levels
Target 1 :...
A close above 1145 might trigger an upward momentum that can take the price to its previous high (Blueline)
Never trade without a SL (Redline).
PS: A previous trade in this same stock failed and took the stoploss happily. Time to explore new possibilities, again.
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“The elements of good trading are: (1) cutting losses, (2) cutting losses, and (3) cutting...
Yes, we are talking about TANLA Platforms, after a decent bull run, price of this stock has closed below the golden ratio 0.382%.
Now it is continuously getting rejection from this golden ratio.
This stock is a short for a target of 800 minimum.
Strict SL of closing above 0.382% golden ratio must be kept and respect the SL if it hits.
Kindly note that I am not a...
Please look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1%-2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
Please note that, if there are some big targets, those are drawn thinking...
Tanla Platforms has shown a reversal around 200EMA and 50% Fibonacci Retracement. It is attempting a Breakout from Falling Wedge and Bull Flag Pattern with high volumes. Enter after Bullish confirmation.
Why to trade? for long term only
1. No 1 amongst peer competitors with respect to market capital and net profit for quarter.
2. Company is almost debt free.
3. Company has delivered good profit growth of 92.6% CAGR over last 5 years
4. Company has a good return on equity (ROE) track record: 3 Years ROE 40.0%
5. Company's median sales growth is 34.2% of last 10...
Greenline = BO
Redline = SL
Blueline = Possible potential of the move.
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Watch the Head, Trade the Body, Leave the Tail Alone.
- Gustave LeBon
can add at 950'S AS SHOWING some support but be sure to add at 900S IF DIPS FURTHER , as it is possible , SL for trade is daily close below 800 or 770 intraday
A 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...
BUY - TANLA PLATFORMS LTD
CMP - Rs. 1266
Target - 1: Rs. 1741
Target - 2: Rs. 2057
SL - 1031
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Timeframe - 4-8 months
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Technicals - Trendline Breakout
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This is just a view by an expert analyst, please invest at your own risk.
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