As seen in the charts, Tanla platforms is on the verge of making/breaking out of the symmetrical triangle pattern that has formed from the start of Jan 2022 up until now.
I expect a breakout on the bullish side for the below reasons
Attractive Fundamentals - Low to Nil debt - Debt to Equity < 0.05, ICR is 100+ - P/E is 22.45 , significantly less than Industry P/E of 37.52 - PEG ratio is 0.26, extremely good - ROE,ROCE is 30+ - Sales growth of 16% , and sales growth for 5yrs is 31% - Profit growth is 15%, and profit growth for 5yrs is 86% Easily beats most medium and small cap IT companies
Technicals - CMP 925 - Slightly less than EMA9, EMA21, EMA63 and EMA 200> Everything between 935 and 950 - Anticipating future breakout from these levels +/- 5%
Wait for slightly lesser price around 900-910 and RSI around 35-40
Disclosure : Not SEBI registered. Views are for educational purposes only.
코멘트
Tanla Below 900, RSI 40+. Will wait for better entry