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.

Сделка активна:

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

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Almost hit 0.618 Golden ratio.

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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.

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

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918 is reached. wait for more.

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

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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.

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

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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.

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