TANLA trade ideas
Tanla , littlie risky but early re-entry possibleStill 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 but R:R will be good).
Stock Gaining Strength! #TANLAStock Gaining Strength!
Tanla Platforms Ltd. #TANLA
1- Massive Weekly Volume
2- Breaking-out previous Consolidation Zone
3- Buyers might come at pullback to 800
Note: Technical Analysis is for Educational Purpose. I am not SEBI registered. Consult your financial advisor for any Investment Advice.
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.
Tanla platform for swing tradingTanla platform is currently trading at its lower value it can bounce back to its original position
Tanla one of the fundamental y strong company so there is no doubt about bouncing back
Entry, target and SL is in chart you can take look
This trading idea is just for educational purposes you are the only one who responsible for your loss and profit
Tanla is Teacher...!!!Market Works in Stages, from stage 1-5.
How it looks like is practically visible on tanla chart.
Tanla is now entering in stage 5, hope to early reversal else it will be not pleasant for investors.
Observe and learn. Sharing for educational purposes only i am not SEBI REGISTERED ANALYST.