TANLA looks fantasticTANLA Platforms charts look exceptionally good on both short term and longer term accumulation studies based on volumes.
If you understand the price-action backed by volumes, you wouldn't want to miss this.
Company in a good financial health provides further comfort.
Disclaimer: Do your own analysis before making any financial commitments. This is to spread awareness among the community members. Not to be treated as a buy/sell recommendation.
TANLA
Buy Tanla Platforms Ltd.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 price.
It provides us with great investment opportunities even at expensive markets.
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TANLA PLATFORMS, BREAKOUT!!, WAVES. although tanla did not gave a breakout, on its 3rd wave, because it follows 5 wave pattern. the waves have come perfectly, to prove this statement, i have drawn a purple line, connecting the points, which defines the 4th wave(correction point) for the 5th wave to give a breakout.
and a orange line defining a breakout in 5th wave.
volume accumulated for a breakout
Tanla Platforms Good for Investment Tanla platform is fundamentally very good company.
Company is almost debt free.
Company is expected to give good quarter
Company has delivered good profit growth of 67.48% CAGR over last 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 27.71%
Company's median sales growth is 34.24% of last 10 years
Corrected more than 70% from its high.
avilable at very good valuation.
Investors can add some at CMP 585, add more if falls near 480.
-Saptarish Trading.