Tanla Platforms Ltd – Technical View
Timeframe: Daily
The stock is in a prolonged downtrend but has recently formed a Falling Wedge pattern, indicating a potential trend reversal setup.
Price is attempting to stabilise near the lower Bollinger Band, while selling pressure appears to be gradually exhausting. Momentum indicators suggest early signs of improvement, though confirmation is still awaited.
🔑 Key Levels
Immediate Resistance: ₹545 – ₹555
Major Resistance: ₹570 – ₹585
Support Zone: ₹520 – ₹510
Lower Support: ₹495 – ₹480
📉 Outlook
A decisive breakout above ₹555 with volume can trigger upside towards ₹585 / ₹620.
Sustaining above the wedge breakout zone improves the probability of a mean reversion rally.
Failure to hold ₹510 may lead to renewed weakness.
📌 Trading Insight
Trend reversal only on confirmed breakout.
Conservative traders should wait for a daily close above resistance.
⚠️ Educational view only. Not a buy/sell recommendation.
📌 Trade with strict risk management.
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