Stock Name - Delta Corp Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 238
#This is not Buy and Sell recommendation to any one. This is for education...
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.
A breakout from a consolidation pattern signals a victory by buyers over the other. Standard breakout trading techniques include buying long and covering short when prices break through the resistance level.
NSE:DELTACORP weekly analysis
Fib level 0.618 rejection of correction and formed LH LH with pullback from 0.5 and formed narrow range
Clear breakout above 230 with fib level 0.318 and narrow range is necessary to continue with long trend
Wait for clear breakout it will give momentum targets
📈 Delta Corp Ltd 📉
Today broke out from a resistance zone 295-305 on closing basis after testing four times.
On Buy Side I am looking for Targets of 350-360 zone.
Target Calculation = 2*(Resistance Level - Last swing low)
StopLoss should be kept in 270-275 zone.
It offers 1:1Risk To Reward.
All Important Supports and Resistances are drawn in chart. All...
1. #DELTACORP needs to close above 325 this month to confirm channel break out.
2. 336 is the immediate hurdle, closing above which will open the doors for 348/375/390 for short term and for 500+ mid term.
3. Volumes are supporting this move.
4. Closing below 300 will take the case to next month.
5. Consult your financial adviser before investing. If you found...
Breakout above Darvas box zone at 310. Current price at 320.15.
Please read my previous analysis of Delta Corp here:
Strong support at levels of 310 and 300.
Targets of 350, 386, 400.
Note: Trade wisely with strict stop-loss of 5-8% and risk capacity
Usually 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...
Delta Corp is on upswing and here's a simple price action analysis.
Breakout of 308 assumes importance. After which we can see an Initial target of 312, and if the momentum continues, it might touch 332.
Support zone is around 294 - 290.
Based on incremental targets being achieved, we can revise the target.
I am bullish on Delta Corp and hold position, hence...
NSE: Delta Corp 277
Looks good for a small swing trade
A good example of change in market structure
was in a downtrend making lower low went into consolidation and then broke the range of consolidation
Perfect entry would be to buy in the range of 266-272
With a target of 300
Sl 260
View for education purpose only
As shown in chart, we will see bullish or bearish breakout in this stock as it makes a flag pattern (may be i am wrong in pattern name if you know the pattern name then please tell me). next week or this week we will see pattern breakout so i suggest you to wait untill breakout.
my personal opinion is that it will go bearish in next few days as i can see it will...
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....
NSE:DELTACORP
Delta corp stock /share just given good breakout with huge volume on bigger time frame.
Everything explained on chart.
******whatever charts or levels sharing here are just for educational purpose only, not a recommendation. Please do your own analysis before taking any trade on them. We are not SEBI...
