Price has given a strong breakout from the 230 levels which was tested multiple times with volumes. Wait for a Pullback, around 230 Levels to go long for the targets of 248 with a Stoploss of 220.
Good 1:2 RR!
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.
Eicher can be a good long at this probable area. A good risk to reward at current levels. It could be held for short and medium-term swing. Watch out for Simple Price Action for confirmation of the trade.
Price hovering around the Support Area. If good Bullish Setup Occurs at the support, it can be a good long and vice versa. Keep an eye for a good RR with a favorable Stoploss as it is a Volatile Stock.