In today’s stock market, Tanla Platforms, a cloud communication company, experienced a significant uptrend, reaching an intraday high of ₹1,109 per share—a remarkable 20% increase from the previous day’s closing price of ₹925 per share. The surge came after the stock broke out at ₹940 levels on the NSE, opening at ₹930 per share and continuing its upward trajectory.
Experts attribute the rise in Tanla Platforms shares to consecutive technical breakouts at ₹935, ₹940, and ₹1,040 per share levels during morning trading. The stock, in a base-building phase since late July, had been retracing in recent sessions after surpassing ₹930 levels. Market analysts suggest that the stock remains robust on the technical chart, with potential targets of ₹1,150 and ₹1,200 per share in the near term, contingent on a close above ₹1,030 levels.
**Technical Analysis Insights:**
Ganesh Dongre, Senior Manager — Technical Research at Anand Rathi, emphasized the back-to-back technical breakouts at ₹935-₹940 and ₹1,040 per share levels.
While acknowledging minor resistance at ₹1,125 per share, Dongre suggests short-term investors may consider booking profits at current levels. Long-term investors are advised to hold the stock, with a trailing stop loss set at ₹1,030 per share.
**Strategy for Fresh Buyers:**
Sumeet Bagadia, Executive Director at Choice Broking, recommends a ‘buy on dips’ strategy for fresh buyers. He notes that Tanla Platforms shares have emerged from a four-month base-building phase and cautions against entering at current levels due to the recent 20% rise. Bagadia suggests a gradual approach, buying on dips, as another breakout above ₹1,125 could propel the stock to ₹1,150 and ₹1,200 per share in a short time.
**Historical Context:**
Tanla Platforms previously achieved a lifetime high of ₹1,317.95 per share on NSE in July before entering a base-building phase. The recent technical breakout is seen as a potential start to a new bullish trend in the stock in the near term.
