Tanla Is One Breakout Away From A Major Comeback

Tanla Platforms is showing a promising bullish reversal setup on the weekly chart after spending nearly four years under a major falling trendline resistance. The stock has repeatedly taken support from its long-term rising support zone and buyers are now pushing price towards the descending resistance near 620–650. What makes this setup interesting is that the 200 EMA is also sitting around 657 which makes this a crucial breakout zone. The recent recovery from lower levels along with the weekly RSI rising towards 64 suggests that buying momentum is returning and sellers are gradually losing control. A decisive weekly breakout above 650–660 could confirm a major trend reversal and open the door for a strong recovery towards 800 followed by 950–1000+. This resistance has controlled the stock for years and breaking it could attract fresh buying while trapping sellers positioned for another rejection. If price sustains above the falling trendline and 200 EMA then the entire long-term structure could shift in favour of buyers. I am strongly bullish on Tanla because a breakout after such a prolonged correction can create powerful upside momentum.