Tanla Solution CMP 43.1 FV 1
-- Fallen from top of 425 ( Jan 2008 ) to the low of 2.40 ( Aug 13).
From there it went to high of 52.65 ( Dec 15 ), with high volume.
It breached quarterly medium term EMA (45.4 ).
Then it gave retracement up to 26.05.
For previous three quarters it has been taking support of quarterly short term EMA.
In last week it went to high of 47.50 with high volume & breached the quarterly medium term EMA again.
Expect retracement up to 39.6, where the weekly medium short term EMA is.
Chance to BUY as next resistances are
1. 52.65 Dec 15 high
2. Quarterly long term EMA, which is now at 78.9
The market does speak ...... we only have to listen.
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We will not be responsible for losses purportedly arising from the use of our recommendations
Disclaimer: Investors/traders should carry out their own study and research, and exercise caution before acting on these recommendations.
We will not be responsible for losses purportedly arising from the use of our recommendations
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