TANLA - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 4.3

Here’s a detailed technical analysis of Tanla Platforms Ltd. (TANLA)

📊 Trend Overview

Current Trend: TANLA is in a short-term uptrend, having rebounded from its 52-week low of ₹409 and currently trading at ₹700. It’s above both the 50 DMA (₹647) and 200 DMA (₹645), indicating bullish momentum.

Long-Term Trend: Recovering, but still ~26% below its 52-week high of ₹952. The stock is showing signs of strength but needs volume confirmation for sustained breakout.

📈 Moving Averages

50 DMA: ₹647

200 DMA: ₹645

Current Price: ₹700

Interpretation: Price is above both DMAs, confirming a bullish crossover. The convergence of 50 and 200 DMAs suggests a strong support base around ₹645–₹650.

📉 MACD & RSI

MACD: Positive at 18.0, indicating bullish momentum.

RSI: At 67.7 — approaching overbought territory, but still in a healthy range.

Conclusion: Momentum indicators support a buy-on-dips strategy. RSI nearing 70 suggests caution for fresh entries without a pullback.

📊 Volume Trends

Current Volume: 3.49 lakh

1-Week Avg Volume: 5.30 lakh

Interpretation: Volume is below average, indicating moderate conviction. A breakout above ₹720–₹740 would need volume confirmation.

📉 Bollinger Bands

Price is likely near the upper band, signaling strength but also short-term resistance. A breakout with volume would confirm continuation.

📌 Support & Resistance Levels

Level Price (₹) Commentary

Support 1 670 Minor pullback zone

Support 2 645 200 DMA, strong base

Resistance 1 720 Near-term resistance zone

Resistance 2 780–820 Intermediate swing highs

Resistance 3 952 52-week high

🎯 Entry & Exit Zones

Optimal Entry: ₹660–₹675 (on pullback with confirmation)

Exit Zone: ₹780–₹820 (partial profit booking), ₹950+ (final target if breakout sustains)

🔍 Summary

Trend: Trending upward

Momentum: Strong bullish

Bias: Buy on dips

Short-Term Strategy: Accumulate near ₹660–₹675 with breakout confirmation above ₹720. Target ₹780–₹950 over the next few weeks.

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