Devyani International🔹Long term GemEntry possible @160-170 range
support @160-63 range
expecting good growth in the compny.
🔹 Devyani International
Devyani International is the largest Franchisee of Yum! Brands and operates the highest outlets of KFC, Pizza Hut, Costa Cofee in India, and the company is the largest operators of quick-service restaurants chain in India. It operates 655 stores across 155 cities in India, as of March 31, 2021
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DEVYANI
DEVYANINote:
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...
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DEVYANI--- POSITIONAL BUYDEVYANI , stock pick as positional buy due to technical bullish indication on Hourly chart.!! one can have buy position at cmp 171-172 for short term target 185-190 ( 8-10 days ) around 10-20% profit margin .!!
BULLISH TECHNICAL INDICATORS.
>> STOCK has at trend line support,as well as at 200 SMA support on hourly chart,
>> Stock has bullish breakout at trend-line
>> trend-reversal signal seen on chart MA ADX turn green.
BUY DEVYANI International @171.80
TARGET 185-190
Stop Loss 160
*** PLEASE Do own study and analysis ..hope this idea will help your anlysis. !! take call at own risk.!!
WISH YOU HAPPY TRADING !!
19/10/2021 Research Report For DEVYANI #KFCDisclaimer:
I am not SEBI registered person and this is not an investment advice and also please note this is only for education purpose. Also note we can use this research for my own portfolios. So don't influence yourself by this research. Please note before investing according to this educational research, please do your own research and also do take advice from your financial adviser before invest any single rupee. Your any profits and loss are totally your liability. No one is liable for that. Also, please note we will not never compensate your any loss. So before investing any single rupee, please do your own research according to your risk taking capacity and after that do invest and book profits on right time.
Buy at C.MP (Current Market Price) or Maximum 130
Target 1: 137
Target 2: 144
Target 3: 152
Intraday Trade: watch for range breakoutbuy above 130
For stoploss in Intraday use 5 minute chart and see nearest support.
for target use 5 min chart and fibonacci pivots as i don't keep predefined target.
try to book partially and trail.
Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis
NOTE: For Gapup or bo before 9:20
If gapup is more than 1% from bo level than avoid completely.
if less than 1% or gives bo before 9:20 than wait for
first 5 minute candle and entry above 5 minute candle
and revised SL below candle Low.
Devyani international / KFC trading ideas ! 🛑 Devyani / KFC i think this Is not up to the mark with Results , we have to avoid going long on this until it breakout of 145- 150 until then we can't take any decisions on this because volumes were so low , by the way one can go short on this by selling at 100-105 region if it breakdown the 110 -111 zone where it is the crucial support zone for it , once it breakdown this level then it is highly difficult to comeback where as it may see further selling pressure..
◽ if you wish to take an swing trade can initiate @ demand zone of 110 -111 level with SL of 100 -105 we can see the short term target of 145-150
◽ Nifty and Sensex were in Bull but KFC is seeing selling pressure