Tanla has broken above the 730 resistance zone that capped price action for the past year. Today’s move (+7.3%) on strong volume confirms a breakout attempt.
Chart Structure
Risk/Reward
Entry: 740 breakout
Stop: 680 (≈–8%)
Target: 1,000 (≈+35%)
R:R ≈ 1:4 - favourable
Momentum
RSI at 78 → strong momentum, but in overbought territory.
Short-term pullbacks/retests of 730–740 possible before continuation.
Volume
Breakout accompanied by significant uptick in volumes, lending credibility to the move.
Breakout trade active. Sustained closes above 730 strengthen the case for a run toward 950–1,000. Watch 730–740 for retests.
Disclaimer: This analysis is for educational purposes only, not investment advice. Trading/investing in securities involves risk. Do your own research or consult a financial advisor before making decisions.
Chart Structure
- Support: 600 remains the structural floor.
- Breakout Zone: 730–740 has now been cleared.
- Immediate Target: 950–1,000 (≈42% potential upside).
- Stop Zone: Below 680 (failed breakout risk).
Risk/Reward
Entry: 740 breakout
Stop: 680 (≈–8%)
Target: 1,000 (≈+35%)
R:R ≈ 1:4 - favourable
Momentum
RSI at 78 → strong momentum, but in overbought territory.
Short-term pullbacks/retests of 730–740 possible before continuation.
Volume
Breakout accompanied by significant uptick in volumes, lending credibility to the move.
Breakout trade active. Sustained closes above 730 strengthen the case for a run toward 950–1,000. Watch 730–740 for retests.
Disclaimer: This analysis is for educational purposes only, not investment advice. Trading/investing in securities involves risk. Do your own research or consult a financial advisor before making decisions.
Dagangan ditutup: hentian tercapai
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.