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DELTACORP

Delta Corp breakout1. Buy or Sell at your own risk 2. Don't risk more than 1%-2% of your capital as stop loss 3. Position Size formula:- Stop Loss/(Buy Price-Initial Stop Loss Price) 4. Sell on initial stop loss hit or close below daily supertrend (for short term traders) or close below weekly supertrend (for long term investors) 5. Some other ways to sell stocks can be a. 25% or 50% up in three weeks or less b. Largest weekly price spread c. Exhaustion gaps d. Heavy daily volume without further upside e. Largest one day price drop after a quarter sales growth of 104%, quarter profit growth of 460%, TTM sales growth off 57% and TTM profit growth of 292%, NSE:DELTACORP gave a break out yesterday with high volumes after a consolidation since October 2021. Today the share price dropped below the previous support point of Rs.300 and bounced back. It is a buy with a stop just below Rs. 283, or it is a buy above Rs. 319 with a stop just below Rs. 297. Other fundamentals: 1. Debt to equity at 0.00 (less than 1 is good), Interest Coverage at 20.6 (greater than 3 is good), Current ratio at 4.08 (greater than 1.5 is good). 2. Delta Corp Ltd is the largest gaming company in India and they are the only listed company in the casino gaming with 2000+ live gaming positions. They have managed to capture 55% of market share in the organized casino market and it has three major areas of business. a. Casino's – Company operates casinos in Goa, Sikkim and Daman. They operate 3 offshore casinos in Goa out of a total of 6 offshore casino licenses and also one land-based casino. b. Online Gaming - Adda52.com currently offers online poker games. It currently holds number one position in India. The other website 'Adda52rummy.com' offers online games of Rummy. c. Hospitality - Gaming and hospitality go hand in hand. Both these are mutually inclusive and reciprocating businesses, each driving the other. 3. The company is expanding its regional footprint by starting new casino center at Nepal upon receiving the gaming license in Feb 2020. 4. On Dec 12-2020 The company had received a license to establish a integrated resort consisting of hotels, convention centre, mutliplex cinema, electronic casino, retail area, water park and other facilities at Pernem, Goa. 5. The company owns 34% of Advani Hotels & Resorts Ltd which gives it the same stake in its Caravela Beach Resort situated at Varca Beach, Goa.
NSE:DELTACORPLong
by akashbothra
DELTA CORP | Good for Long NSE:DELTACORP Cmp : 312.75 Try on Pullback near 307 #Study, Learn & Earn. If you love this post please like and comment your thoughts below. That will be a great motivation for me to post similar ideas ahead. Disclaimer: All the information posting on this page are for the educational purpose only, we are not SEBI registered financial advisor. We wont recommend any BUY/SELL of stocks. Contact your financial advisor before taking any action.
NSE:DELTACORPLong
by Art_of_charting_Knowledge
6
DELTACORP, How to trade it with low risk? Dear Traders, Today Delta-corp has given good breakout from channel pattern with good volumes. So, it is a buy call for tomorrow. But, it is almost 10% above the breakout line. So, first we put 50% of our money tomorrow. As risk management is most important so we then trade with Big SL of 10%. If it continuous to move further upside then we gradually trail our Stop loss and increase our quantity. It broke out from 7 month CONSOLIDATION time. So, we can expect big move in 1 moth or so. Also put, GSFC in your watch-list as it traded with good volume in last week. Once it breaks 52 week high we can expect good move there too. Have a good day Traders.
NSE:DELTACORPLong
by HanumanBhkt
DELTA CORPDelta Corp Limited is primarily engaged in the operation of casino. Its segments include Real Estate, Gaming, Hospitality and Others. Stock not in ASM/GSM lists and not a lot of promoter holding is pledged Stock doesn't offer attractive dividend returns Low probability of default in next 12 months In last 6 months, promoter holding in the company has almost stayed constant In last 3 months, mutual fund holding of the company has increased by 4.10% Smallcap With a market cap of ₹7,672 cr, Stock is 3.11x as volatile as Nifty COMPANY DATA TAKEN FROM TICKER TAPE Note: 1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR. 2. Always remember SL is your lifeline, not the big target... 3. Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns... 3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions... 4. To learn more about patterns, Psychology behind the trade, and price action trading... contact us... Thanks... Keep an eye ladies and gentlemen. Cheers and Happy Trading
NSE:DELTACORPLong
by SENSITRADE_T
DELTA CORP: Bullish TriangleUsually this wave structure forms in an impulsive sequence as wave 4 . It consists of 5 sub waves as wave-a , wave-b , wave-c, wave-d and a final setback wave-e . Each of these waves consists of three wave internal structure. Each of the waves should not break their extreme points. The final confirmation to enter the position comes when the price gets close above the level of wave-d. The minimum target of the pattern is just a poke above the level of wave-b and just above the level of wave-3 of the impulsive count. There is also a guideline to predict the target of this pattern which is known as triangular thrust. The triangular thrust is the measurement of the distance from the level of wave-a to the level of wave-b . This measured length should be kept to the breakout level of wave-d to get the target of this pattern. Buy with SL of 278 & look for the target of 340-45 zone
NSE:DELTACORPLong
by TradingSutra