Tanla Platforms Ltd which may had been a multi-bagger stock for many is currently 62% down from it's lifetime high and hasn't given returns from past few years despite strong balance sheet and profits. At a time when the whole market is up such precious gems which were talk of the town during pandemic period are currently undervalued and available at dirt cheap...
TANLA- Analysis
Buy Zone - 976 To 1105
Targets 1242, 1387, 1540,+
Stop loss - 855
Important Dates to monitor :-
20th Jan 2024
3rd March 2024
5th April 2024 to 16th April 2024
7th June 2024
Hope this information will assist you in your trading / investment.
Disclaimer -
I AM NOT A SEBI REGISTERED ANALYST OR ADVISOR. I DOES NOT REPRESENT OR...
Between January 2022 and March 2023, TANLA exhibited a sustained downtrend, followed by a notable upward correction. My analysis suggests the formation of an ABC pattern on the chart. The initial phase (A) featured a sharp upward movement, succeeded by a straightforward zigzag retracement (B), and it now appears poised for the concluding C wave.
Having completed...
IT sector is slowly recovering. Good time to buy IT stocks
50% price correction is done along with PE
PE is less than industry PE
promoters and FIIs are increasing stake
Public's stake is decreasing
VOLUME is increasing.
Running above 21 day EMA
TARGET -1 : 1350
TARGET -2 : 1600
STOP LOSS: 990
**These are my personal observations. Please trade at your own risk.**
Earnings per share for the quarter ended Sept. 30 climbed to 10.60 rupees from 8.13 rupees a year earlier.
Revenue from the operations of the cloud communications company increased year on year to 10.01 billion rupees from 8.51 billion rupees,
This stock is ready for big move on upside.
Monthly Price is above 50 EMA and Buliish candle with high volume with price is in upper half of bollinger band with EMAS PCO
Monthly MACD PCO
Weekly Price is above 50 EMA and MACD uptick above zero line
Weekly RSI is near 60
Daily time frame ABC correction seems over and Price is ready for new impulse....
DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days...
VERY low risk trade. and,also risk reward risk is favourable. break out with gud volume. also selling with low volume. supported by both key moving average - 20 & 200 .
SL AND TARGET indicated on chart
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Tanla Platforms at Long Term Support, Good for long term investment and swing too.
Good fundamentals.
Close if support broken on weekly timeframe,
View for education only.
Still there are scope to move, next move at least till ~1450... Beautifully setup , 40 week EMA slope is upward. decent 16% correction happened. High probability of up-move but volume is still not supporting. Result were good, little expensive but this kind of stock always comes expensive. if taking position then SL must be there , 1098 SL is good one(little wide...
