From mint · Nishant Kumar · · 1m
Tanla Platforms Shares Crash 6% Before Trimming Losses
Tanla Platforms shares drop 6% intraday before trimming losses as experts warn of long-term downtrend.
In brief
Tanla Platforms shares drop 6% intraday before trimming losses as experts warn of long-term downtrend. Tanla Platforms shares fell 6% intraday on 19 October before trimming losses as analysts predict a short-term range of ₹480-₹656 but long-term downside. Originally reported by mint.
Tanla Platforms Shares Crash
Tanla Platforms shares crashed 6% intraday on 19 October before trimming some losses.
Stock Price Trend
The stock is up 6% year-to-date compared to a 13% fall in the Sensex.
Technical Analysis
Aditya Thukral, founder and analyst at AT Research and Risk Managers, says Tanla Platforms has been in a long-term downtrend with lower highs and lower lows.
Short-Term Range
The stock is expected to trade between ₹480 and ₹656 with breakouts triggering short-term trends.
Long-Term Outlook
The stock may revisit ₹365.90 lows in coming months but remains in a downtrend with resistance at ₹650.
The takeaway
Tanla Platforms shares fell 6% intraday on 19 October before trimming losses as analysts predict a short-term range of ₹480-₹656 but long-term downside.
