mmjimm

DELTACORP Out of Bears control ??!!!

Long
mmjimm Updated   
NSE:DELTACORP   DELTA CORP LTD
Chart pattern insist me the above titled opinion

REASONS

1. DELTACORP is trading inside a expanding triangular pattern.
2. It is seen respecting the pattern till now.
3. Currently , it is in the upswing move(in white channel pattern) inside the expanding triangle pattern.
4. DECEMBER 23 & 26 candles make the Bullish harami pattern at the perfect support level.(with volume spike)
5. 238 is the resistance level(Breakout of the yellow trendline) to cross for the expected up move!!
6. Target & SL mentioned in the chart.

There may be swing inside the white and yellow line before breakout. Let's see!!

Day closing below 185 - Strict SL .

In the chart , I tried to show the broader(Monthly timeframe) view (in the form of a snapshot).....Hope it helps....if confusing, feel free to ask!!

Let's wait and watch how it moves!!!

Note- Just sharing my view......not a tip nor advice!!!

Trade active
Trade closed: stop reached