Tanla Platforms Ltd. – Weekly Base Formation with RSI Bullish Divergence

🧭 Weekly Chart Context Long-term downtrend has matured, with price stabilizing near a well-tested demand zone. Recent candles reflect reduced downside momentum after an extended corrective phase. 🔎 Key Technical Observations Price Structure: After a prolonged decline, price is holding above a prior support band, indicating selling pressure is getting absorbed. Trendlines: The stock has reacted positively near the lower boundary of the falling channel, suggesting structural support is active. RSI Behavior: RSI has formed a bullish divergence, with higher lows on RSI despite flat-to-lower price action. Momentum Shift: RSI has bounced from oversold territory, hinting at a potential momentum reset rather than continuation of the downtrend. Volume: Volume expansion near the support zone points to increased participation during the recent stabilization. 🧩 Interpretation The chart suggests exhaustion of the prior downtrend and early signs of base development. While price remains within a broader corrective structure, improving RSI behavior and support hold indicate a possible transition from decline to consolidation. 📢 Disclaimer: For educational and technical analysis purposes only; not investment advice. 👤 Rajneesh Sharma – SEBI Registered Research Analyst (INH000020332)