DELTACORP
Will it break?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
Delta Corporation - Positional view| Breakout + Volume expansionKey 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 learning purposes only. Invest your capital at your own risk.
Long Delta CorpDelta 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
Delta Corp : Buy (Gamble Away)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 !!