DELTACORP trade ideas
DELTACORP | Breakout and retracement phaseIntraday Buy opportunity in DELTACORP
BUY - 156
SL- 153
Target - 162
Swing Trading Opportunity in Delta CorpDelta Corp has presented us with a low risk set up. Trade can be taken at 162 (Swing low) and Target is around 170-172
DELTA CORP not to be missed (3 yr trend line breakout) 🚀📈🚀Long term trendline breakout with exceptional volumes breaking records of years. Go LONG!!
Bullish Flag , Swing Trade , Delta CorpRecently Delta Corp broke a longtime trend line and a channel breakout breakout happened from 120 range. And its ready for next run after forming a bullish flag. SL is strict. If tourism starts picking up it can have a good fundamental run for long time.
Swing Trade Idea #209 : Long on DELTACORP 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 anyone who wants to learn technical analysis using charts. You can post your queries in comment section here and we will try to answer asap.
DELTACORP 1DAFTER A DOWNTREND NOW THE STOCK HAS GIVEN A BULLISH CHANNEL BREAKOUT ON DAILY CHART
THE RETESTING OF THE PREVIOUS RESISTANCE HAS BEEN DONE
THE VOLUMES AND INDICATORS TOO ARE SUPPORTIVE
THE STOCK HAS BEEN MAKING HIGHER HIGHS ,THE STOCK LOOKS VERY BULLISH ON CHARTS.
TARGETS:- 173, 188 AND 228
SL:- 130 ON CLOSING BASIS.
Deltacorp Weekly ChartLooking good at CMP.
Decent volumes on the upside.
Ascending triangle breakout & retest at 124.
Confluence of horizontal support + 50EMA.
SL at 105 WCB.
Delta corp - 3/Dec/2020 Long entry - Swing and positional tradeDelta 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
Delta Corp - WeeklyThe stock broke out from 13 weeks of consolidation
Positive RSI divergence
Trading above 200 moving average
Deltacorp - Nov Mid 2020 - Technical analysis - Trend tradingIntraday - 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 with LH,LL confirm the price moving down
First Target upto Key level S/R area. And if price break Support area + channel breakout, so the market still on downtrend
(Positional Trade) If price break weekly TF - wait for candlestick confirmation or wait for price action confirmation HH,HL then draw Minor Trendline and make an good entry
Trend line - Triangle - breakout, DELTACORPPrice rejecting from the trend line and taking support from the triangle bottom, clear indication of break out.
Potential breakout - Channel pattern61.8% support taken & trend reversed.
Possibilities of channel breakout & strong up movement.
DELTA CORP ON WEEKLY TFWATCH 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.
