Exciting Bullish Pattern Alert! 🐂
📊 Pattern: Rising Channel
📌 Symbol/Asset: DELTACORP
🔍 Description: Stock is consolidating from few weeks around 130-140
Stock is now going up in a Rising channel and we can see stock is bottming out here
Stock can see huge momentum from here on
👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell...
📈 Exciting Bullish Pattern Alert! 🐂
📊 Pattern: Rising Channel
📌 Symbol/Asset: DELTACORP
🔍 Description: Stock is going up in Rising Channel.
Stock Can take a support around the support or around the Law of Polarity.
We can see huge upside once support is intact.
👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation.
Let's break down each point and explain them ::::::::::::::::: Happy learning
**Basic Concepts:**
1. **What is RSI?**
- RSI is like a traffic light for stocks in the Indian market. It tells you if a stock is moving too fast or too slow. If RSI is high, the stock might be overexcited, and if it's low, it might be tired.
2. **Calculation of RSI:**
- RSI is...
Delta Corp Limited, previously known as Arrow Webtex Ltd., is an Indian gaming and hospitality corporation that owns and operates casinos and hotels under several brands. It is engaged in casino gaming, with the majority of its offshore casinos in Panaji, Goa.
DELTA CORP -- HOURLY CHART -- INTRADAY SETUP
1. stock seen shift from lower channel to upper channel on hourly chart
2. stock seen close at channel support lower level on hourly chart 200 HMA support bellow the closing candle
3. HAMMER & DOJI candle combination seen indication for trend reversal after correction
4. RSI seen about cross at closing candle
5....
DELTA COTP ==HOURLY CHART -- INTRADAY SETUP- 17/05/2022
1. Trendline breakout seen 225 level at bullish baby green candle closing last session
2. wave trend seen breaking out above 0 line
3. at daily chart last closing is trend reversal doji candle form
BUY DELTA CORP between 225-227
TARGET 230-232-235
stop loss 220
*** THIS IDEA IS FOR EDUCATIONAL...
DELTA CORP -- POSITIONAL -- MAY 2022 -- DAILY CHART
1. stock currently trading at upper channel where strong support seen at 248-250 level consistently, stock close at 250 level at same support , as triple bottom support now
2. Resistance seen around 325-330 level from where correction taken stock to current level as oversold on daily chart
3. WAVE TREND also...
CHART -> Delta Corp DAILY SETUP
As per chart after a good consolidation, today it gave a range breakout with good volume. Keep this in radar.
Disclaimer: This is for educational purpose only. This is not any recommendations. I am not SEBI registered. Please consult your financial advisor before taking any action.
Key Highlights:
1. Rebounded from the flip level + 200 MA.
2. Shift in market structure on LTF.
3. Some increase in volume
4. RSI curving back from the oversold region.
5. Look for pullbacks on lower time frames and enter accordingly.
Disclaimer: This is NOT investment advice. This post is meant for learning purposes only. Invest your capital at your own...
Last month we buy near 220 and booked around 280....
again looking good on weekly TF...
RSI is also above 70
if able to break the marked zone then may test 400...
Buy near 300
SL 250 Closing Basis
Target 400
RR 1:2
Buy at 261 or 261+
Target :- 264, 265
SL :- 260 or 259.50
this is not a trading call
this is only for education purpose
if i am wrong then please let me know i will improve myself..
Thanks in Advance....
Ascending triangle forming for a long time and for short term its going for cup and holder formation but the resistance zone is so strong that it has become utterly unpredictable. If it breaks upwards into the resistance zone, price will move in that zone for some time. Wait for it to break out and it may show levels of 400+
Call in neutral
Key Highlights:
1. Bullish market structure - HH, HL
2. Volume expansion
3. Trendline breakout & retest done
4. Support zone: 140-150
5. Target: 204, 280, 400. Stop Loss: 140
6. Time frame: 9-12 months
You are always advised to use an appropriate Risk-Reward ratio as per your strategy.
P.S: This is NOT investment advice. This chart is meant for...
Delta Corp
CMP - 185
Stop - 140 on DCB
Expectation -
T1 - 220
T2 - 400, Review at 220
Expected Holding Period - 80 trading days or earlier for T1
Disclaimer:-
Ideas being shared only for educational purpose Please do your own research or consult your financial advisor before investing
