A TATA Stock has a bearish view on fibonacci spread.

Yes, we are talking about TANLA Platforms, after a decent bull run, price of this stock has closed below the golden ratio 0.382%.
Now it is continuously getting rejection from this golden ratio.
This stock is a short for a target of 800 minimum.
Strict SL of closing above 0.382% golden ratio must be kept and respect the SL if it hits.

Kindly note that I am not a SEBI registered analyst. Perform your own analysis before taking any trade.

Transaction en cours:

It has given BD on TL and closed below fibo level 0.382%.

Transaction en cours:

Almost hit 0.618 Golden ratio.

Transaction en cours:

A good company with bad technicals on chart. Any reversal from any golden ratio is an opportunity to change the trade direction. I am still bearish.

Commentaire:

Let it close below 909 i.e. golden ration 0.618.

Commentaire:

918 is reached. wait for more.

Commentaire:

Target 1 reached today hit 900. Now, if tye trend is continuing, 798 will be next target.

Commentaire:

Tanla continuously taking support on 0.618 golden ratio. Breaking it may touch other targets too. If it takes support here and take reversal from here, will update further course accordingly.

Commentaire:

Heavy consolidation is taking place in a very narrow range. Lets wait for it

Commentaire:

Taken good support at 0.618 Fibo and boom momentum is seen. Today 1110 made high. Let it close above 1080 on weekly TF for further movement.

Commentaire:

1123 is high as of now. Closing is good. Lets hope for best.