Devyani International (DEVYANI) at ₹145-147 shows potential reversal signals.
Bearish trend persists (price below SMAs, MACD histogram negative at -2.9), but RSI ~60 hints at momentum shift from oversold (prior lows ~50), Stochastic dipping into bullish territory, and RSI divergence emerging—classic reversal cues
Merger catalyst amplifies:
Sapphire Foods board nod (177:100 swap ratio) eyes Apr 2026 close, forming QSR giant (3,000+ stores). Despite Q3 loss (-₹24 Cr), synergies promise 15-20% EBITDA boost, FII buying (Nippon/Kotak holdings up). Support holds ₹142; break ₹148 targets ₹160+
Action: Watch volume spike + MACD zero-line cross for buy.
Risk: NCLT delays.
Bearish trend persists (price below SMAs, MACD histogram negative at -2.9), but RSI ~60 hints at momentum shift from oversold (prior lows ~50), Stochastic dipping into bullish territory, and RSI divergence emerging—classic reversal cues
Merger catalyst amplifies:
Sapphire Foods board nod (177:100 swap ratio) eyes Apr 2026 close, forming QSR giant (3,000+ stores). Despite Q3 loss (-₹24 Cr), synergies promise 15-20% EBITDA boost, FII buying (Nippon/Kotak holdings up). Support holds ₹142; break ₹148 targets ₹160+
Action: Watch volume spike + MACD zero-line cross for buy.
Risk: NCLT delays.
Surviving in the market since 1992
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Surviving in the market since 1992
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.