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.
Trade chiuso: stop raggiunto
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.