India's Tanla Platforms falls to over 2-year low

Tanla Platforms

21/03/2023 08:06

** Shares of cloud communication co Tanla Platforms
 TNSL.NS  fall as much as 1.5% to 565.2 rupees, their lowest
since Nov 25, 2020
    ** Stock below 50-,100-, and 200-day simple moving averages
since Mar 2, set for second straight day of losses if trend
holds
    ** Moving Average Convergence Divergence (MACD) line below
signal line since Mar 13, pointing to bearish mood
    ** Relative Strength Index (RSI) below 30 for second
straight day, indicating stock is oversold
    ** More than 134,000 shares traded by 1.18 p.m. IST vs
30-day avg of 377,902 shares
    ** Stock down 19.7% this year, as of last close

 (Reporting by Aleef Jahan in Bengaluru)
 ((aleefjahan.cs@thomsonreuters.com))