Tanla Solutions

Investors with a medium-term standpoint can consider buying Tanla Solutions. The stock was on a structural down-trend from its lifetime high of Rs 410 recorded in January 2008. This move was arrested at Rs 21 in March. The prolonged positive divergence in the weekly indicators triggered its trend reversal. An emerging intermediate-term uptrend is visible since then.

Though the stock is undergoing sideway consolidation between Rs 74 and Rs 84, the medium-term prospect is bullish. Following this sideways movement, the stock has the potential to rally up to Rs 104 in the medium term. Medium-term investor can buy the stock while maintaining stop-loss at Rs 67. Short-term investor can buy with the target of Rs 89 and stop at Rs 71.

via BL