TANLA Platforms, a global A2P is currently in support zone and showing good signs of reversal.
Counter is currently taking support around 180-200 EMA on weekly charts, which shows there is strength building up in counter on weekly basis.
Currently counter is priced around 930 zone
As per the current trend and reversal patterns seen via indicators, we can expect 1030-1047 ZONE 1 & 1234-1246 ZONE 2 before further breakout zones can be seen.
PUNJAB NATIONAL BANK (PNB) ( Rs 135.15)
PNB is showing a good breakout above the all time resistance zone of 132-133
Strength has been seen in past few days and a breakout on weekly scale is also in place.
With current strength & breakout 140 to 160 zone can be seen on Monthly scale in PNB
SEAMECLTD (Rs 1111) which operates multi-support vessels for diving services, manned and unmanned subsea operations and related activities is showing good reversal strength in current market.
With a bullish engulfing, strength is clearly seen in counter & we could see a bottom rise from here.
Counter is aiming for further higher zones of 1170 to 1240 as seen in chart
Research Analyst : AMOD KISHOR GHATPANDE (NISM CERTIFIED RESEARCH ANALYST)
Disclosures: At the time of writing this article, author, his clients & dependent family members may have positions in the stocks mentioned above. The author, his firm, his clients or any of his dependent family members may make purchases or sale of the securities mentioned in website. Author may have positions in above stocks so have vested interest obviously in their going up or down as the case may be.
Disclaimer: Investing in any equity is risky. Our recommendations are based on reliable & authenticated sources believed to be true & correct, and also is technical analysis based on & conceived from charts. Investors should take their own decisions. We assume no responsibility for any transactions undertaken by them. The author won't be liable or responsible for any legal or financial losses made by anybody. Investors must take advice from their financial advisors before investing in any stocks.