Standalone profits for 9 months ending Dec 20 : Rs 33 crore, Macap 4400 cr
Consolidated no results for Dec and Mar quarters as yet......even on the company website.
Losses Galore !
Fundamentally looks like a basket case and more so because of the 2nd lockdown.
However technically looks liker a BUY !!
This is a public swing trade idea from "one right trade" and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. We would comment on any further updates on our entry, targets and stop-loss on this idea, so make sure to follow it if you want to get further updates. Our objective to help...
Delta corp - Major weekly trend line has broken. Price moves bullish
Buy signal - set Stop loss below candle low or trend line below. Depends upon your risk appetite
Good for Swing trade hold it for 3 to 4 days.. depends upon candle momentum strength
Intraday - swing trade - positional trade possible trade
In higher timeframe(M+W) both are down trend
In correction market is uptrend with HH,HL - price near to monthly and weekly trendline
In Day TF - Price moving inside channel pattern +There is a Key level S/R area in Day TF
in Lower TF 1H and 30Min - drawn minor trendline (Intraday)
If trendline breakout...
WATCH FOR THE BREAK TO HAPPEN AND THEN TRY TO PLACE THE TRADE ACCORDING TO THE TREND.
THIS IS JUST FOR EDUCATIONAL PURPOSE. IF YOU WANT TO TRADE THEN IT'S YOUR OWN CHOICE. I AM JUST SHARING MY ANALYSIS.
IF ANY SUGGESTIONS PLEASE LET ME KNOW IN THE COMMENT BOX.
Price tried to break the Supply Zone at 120 for about 5 times .
At this point(5th) time, stock is making higher lows with good volume, which clearly indicates a possibility of breakout above 120 level.
Also (20, 50)MA crossover confirmation
*IMPORTANT LEVELS to WATCH*
LONG above 120
Target1 @ 140 | Target2 @ 180
S1 @ 103 | S2 @ 95 | S3 @ 85