Tanla Platforms shares surge nearly 15% amid high volumes in New Year’s Day trade; should you buy?
Live MintTanla Platforms shares surged nearly 15 per cent to the day's high of ₹772.60 amid high volumes on Wednesday, January 1. During the session, the stock hit an intraday high of ₹772.60, which was 14.97 per cent higher than the previous day's close, with the stock finally settling at ₹750.45. On January 1, the total trading volume for Tanla Platforms shares was 260.73 lakh, with ₹1,952.94 crore worth of company stocks traded, suggests NSE data. Stock Outlook On the technical front, Jigar S Patel, Senior Manager of Techincal Research at Anand Rathi Shares and Stock Brokers, said, “Tanla has formed a strong double bottom structure on the chart, accompanied by a bullish RSI divergence, signalling a potential trend reversal.” “This technical setup resulted in an impressive 12 per cent surge in a single trading session, highlighting significant bullish momentum.
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