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Aayush_Rungta
Nov 2, 2022 12:51 AM

Delta Corp - VCP Pattern forming? Long

DELTA CORP LTDNSE

Description

Leading company in casino business.
Good Q2, with visibility of cash flows ahead.
Risks from an impending court matter over Daman casino.
Good capex plans for future to start another Vessel by Q3 of next FY.

Volumes are tightly squeezed in the right part of the pivot forming area, and an inside candle, or a breakout candle can be a good entry point, as even a small volume thrust can cause prices to move upward after long dry volume spell.


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